Sequoia Financial Advisors LLC Has $659,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sequoia Financial Advisors LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 43.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,243 shares of the company's stock after purchasing an additional 5,804 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Super Micro Computer were worth $659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new position in Super Micro Computer during the fourth quarter worth about $209,000. US Bancorp DE boosted its holdings in Super Micro Computer by 1,147.3% during the fourth quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after buying an additional 26,549 shares during the last quarter. LPL Financial LLC boosted its holdings in Super Micro Computer by 561.3% during the fourth quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after buying an additional 573,439 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Super Micro Computer during the fourth quarter worth about $1,176,000. Finally, Nuveen Asset Management LLC boosted its holdings in Super Micro Computer by 796.5% during the fourth quarter. Nuveen Asset Management LLC now owns 1,446,722 shares of the company's stock worth $44,096,000 after buying an additional 1,285,355 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Down 0.5%

NASDAQ SMCI traded down $0.24 during trading on Friday, hitting $48.51. The stock had a trading volume of 18,665,575 shares, compared to its average volume of 69,330,447. The company has a market capitalization of $28.95 billion, a PE ratio of 25.52 and a beta of 1.43. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $96.33. The company's 50-day moving average price is $41.42 and its two-hundred day moving average price is $38.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Northland Securities set a $59.00 target price on Super Micro Computer in a report on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective on the stock. Mizuho lifted their price objective on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.06.

Insiders Place Their Bets

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 667,000 shares of company stock valued at $29,949,340 in the last 90 days. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Company Profile

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.