Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 623.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,688 shares of the company's stock after buying an additional 38,514 shares during the quarter. Snowden Capital Advisors LLC's holdings in Super Micro Computer were worth $1,362,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management lifted its position in shares of Super Micro Computer by 930.2% in the fourth quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock valued at $213,000 after acquiring an additional 6,316 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Super Micro Computer in the 4th quarter valued at $2,542,000. Burney Co. boosted its stake in Super Micro Computer by 547.2% during the 4th quarter. Burney Co. now owns 6,757 shares of the company's stock worth $206,000 after purchasing an additional 5,713 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Finally, Lbmc Investment Advisors LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $344,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent research reports. Mizuho set a $40.00 price target on shares of Super Micro Computer and gave the stock a "neutral" rating in a research report on Monday. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Wedbush reiterated a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, Needham & Company LLC restated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of "Hold" and an average target price of $45.63.

Super Micro Computer Trading Down 5.1%

Shares of NASDAQ SMCI traded down $2.13 during mid-day trading on Friday, reaching $39.20. 18,495,213 shares of the company's stock were exchanged, compared to its average volume of 72,223,657. The company's 50-day moving average is $35.78 and its 200-day moving average is $35.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 19.74 and a beta of 1.36. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 204,473 shares of company stock worth $9,720,892. 17.60% of the stock is currently owned by insiders.

About Super Micro Computer

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.