Rowlandmiller & PARTNERS.ADV lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 51.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,525 shares of the company's stock after acquiring an additional 29,225 shares during the quarter. Rowlandmiller & PARTNERS.ADV's holdings in Super Micro Computer were worth $2,928,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CX Institutional bought a new position in shares of Super Micro Computer during the 1st quarter worth approximately $104,000. Assenagon Asset Management S.A. boosted its position in Super Micro Computer by 96.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 163,777 shares of the company's stock worth $5,608,000 after purchasing an additional 80,371 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $212,000. Handelsbanken Fonder AB raised its position in shares of Super Micro Computer by 1.2% in the first quarter. Handelsbanken Fonder AB now owns 211,942 shares of the company's stock worth $7,257,000 after acquiring an additional 2,511 shares during the period. Finally, Nepsis Inc. increased its stake in shares of Super Micro Computer by 11.0% in the 1st quarter. Nepsis Inc. now owns 496,344 shares of the company's stock valued at $16,995,000 after purchasing an additional 49,314 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on SMCI shares. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a "neutral" rating for the company. Finally, Mizuho set a $40.00 target price on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and an average target price of $45.63.
Read Our Latest Report on SMCI
Super Micro Computer Stock Performance
Shares of Super Micro Computer stock traded up $0.68 on Thursday, hitting $43.89. The stock had a trading volume of 15,026,045 shares, compared to its average volume of 70,975,031. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 22.03 and a beta of 1.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company's 50 day moving average price is $37.19 and its 200 day moving average price is $37.12.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company's revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. On average, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Insider Buying and Selling at Super Micro Computer
In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 17.60% of the company's stock.
Super Micro Computer Profile
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Free Report)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.
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