Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of 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 and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after buying an additional 762 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Super Micro Computer during the fourth quarter worth approximately $33,000. Finally, Lindbrook Capital LLC increased its stake in shares of Super Micro Computer by 763.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock valued at $34,000 after acquiring an additional 985 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SMCI. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Needham & Company LLC reiterated a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Citigroup initiated coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.63.

Insider Activity at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Performance

Shares of SMCI traded up $1.54 during trading hours on Wednesday, reaching $48.74. 27,612,124 shares of the company traded hands, compared to its average volume of 69,241,196. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $40.61 and a 200-day moving average price of $37.70. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $96.33. The stock has a market capitalization of $29.09 billion, a P/E ratio of 25.64 and a beta of 1.43.

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

Super Micro Computer 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.