9,358 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Sovran Advisors LLC

Sovran Advisors LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,358 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds have also added to or reduced their stakes in SMCI. Parkside Financial Bank & Trust lifted its holdings in shares of 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 purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 893 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Super Micro Computer in the first quarter valued at about $34,000. IMG Wealth Management Inc. increased its position in shares of Super Micro Computer by 90.7% in the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction 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 sale, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% 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 worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Securities set a $59.00 target price on Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities lowered their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $46.06.

Super Micro Computer Trading Down 0.5%

SMCI traded down $0.24 during trading on Friday, reaching $48.51. 18,665,575 shares of the stock traded hands, compared to its average volume of 69,330,447. 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 stock has a market capitalization of $28.95 billion, a PE ratio of 25.52 and a beta of 1.43. The stock's 50-day moving average is $41.42 and its 200 day moving average is $38.03. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $96.33.

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

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.