SeaCrest Wealth Management LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,161 shares of the company's stock, valued at approximately $1,101,000.
Several other large investors have also bought and sold shares of SMCI. Parkside Financial Bank & Trust lifted its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares during the period. AlphaQuest LLC lifted its holdings in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after buying an additional 762 shares during the period. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $34,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SMCI. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Raymond James began coverage on shares of Super Micro Computer in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price objective for the company. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $45.63.
Check Out Our Latest Analysis on SMCI
Super Micro Computer Stock Down 0.5%
Shares of Super Micro Computer stock traded down $0.21 during trading hours on Tuesday, reaching $42.91. 21,417,622 shares of the company's stock were exchanged, compared to its average volume of 71,182,423. The company has a 50 day moving average of $36.92 and a two-hundred day moving average of $37.08. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $25.61 billion, a P/E ratio of 21.54 and a beta of 1.40.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the business posted $0.66 EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.
Insider Transactions at Super Micro Computer
In other news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the transaction, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.60% of the stock is owned by company insiders.
About Super Micro Computer
(
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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