Summit Financial LLC Acquires Shares of 8,096 Super Micro Computer, Inc. $SMCI

Key Points

• Summit Financial LLC acquired 8,096 shares of Super Micro Computer, valued at approximately $277,000, during the first quarter of 2023.
• Recent analyst ratings for Super Micro Computer have been mixed, with a consensus rating of "Hold" and an average price target of $44.75.
• Company insiders, including CEO Charles Liang, sold a total of 1,000,000 shares worth $51 million in the last quarter, indicating a significant decrease in their ownership.

Summit Financial LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,096 shares of the company's stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMCI. Allspring Global Investments Holdings LLC lifted its position in Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock worth $854,000 after buying an additional 302 shares in the last quarter. Fairscale Capital LLC raised its stake in shares of Super Micro Computer by 13.3% in the first quarter. Fairscale Capital LLC now owns 2,698 shares of the company's stock worth $92,000 after acquiring an additional 317 shares during the last quarter. Wahed Invest LLC lifted its position in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Super Micro Computer by 5.2% during the first quarter. Horizon Investments LLC now owns 7,234 shares of the company's stock valued at $248,000 after purchasing an additional 355 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Super Micro Computer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock valued at $5,567,000 after purchasing an additional 457 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMCI. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on Super Micro Computer from $24.00 to $27.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Barclays upped their price target on Super Micro Computer from $29.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Finally, Bank of America assumed coverage on Super Micro Computer in a report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average price target of $44.75.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction that occurred 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 transaction, the chief executive officer 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the director 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 disclosure for this sale can be found here. Insiders have sold a total of 1,000,000 shares of company stock worth $51,000,000 in the last quarter. 16.30% of the stock is currently owned by company insiders.

Super Micro Computer Trading Up 0.4%

Shares of NASDAQ SMCI opened at $44.07 on Tuesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 1.09 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.74. The company's fifty day moving average is $49.04 and its 200-day moving average is $42.73.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.88 billion. Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%.The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $6.25 EPS. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. Equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current 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.

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