Southland Equity Partners LLC Invests $211,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Southland Equity Partners LLC acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,172 shares of the company's stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust raised its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC raised its stake in Super Micro Computer by 902.0% in 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 last quarter. Central Pacific Bank Trust Division acquired a new position in Super Micro Computer in the 1st quarter valued at about $34,000. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer in the 4th quarter valued at about $33,000. Finally, AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Mizuho set a $40.00 price objective on shares of Super Micro Computer and gave the company a "neutral" rating in a research note on Monday, May 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Raymond James initiated coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective for the company. Finally, Barclays reaffirmed an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer Stock Down 4.2%

NASDAQ SMCI traded down $1.80 on Friday, reaching $41.56. The company had a trading volume of 36,424,358 shares, compared to its average volume of 70,812,275. The firm has a market capitalization of $24.80 billion, a PE ratio of 20.86 and a beta of 1.40. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The firm has a 50-day moving average of $37.59 and a 200-day moving average of $37.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This 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 at the SEC website. 17.60% of the stock is owned by corporate 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.