Concurrent Investment Advisors LLC Acquires 10,489 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Concurrent Investment Advisors LLC boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,818 shares of the company's stock after purchasing an additional 10,489 shares during the period. Concurrent Investment Advisors LLC's holdings in Super Micro Computer were worth $1,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Super Micro Computer by 931.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,196 shares of the company's stock worth $37,000 after purchasing an additional 1,080 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Super Micro Computer by 1,175.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,266 shares of the company's stock worth $313,000 after buying an additional 9,461 shares during the period. Victory Capital Management Inc. grew its position in shares of Super Micro Computer by 280.2% in the 4th quarter. Victory Capital Management Inc. now owns 162,132 shares of the company's stock valued at $4,942,000 after buying an additional 119,490 shares during the last quarter. M&T Bank Corp increased its stake in shares of Super Micro Computer by 703.3% in the fourth quarter. M&T Bank Corp now owns 21,536 shares of the company's stock valued at $656,000 after buying an additional 18,855 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Super Micro Computer during the fourth quarter worth about $1,176,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of SMCI traded up $0.91 during mid-day trading on Wednesday, reaching $50.02. 34,948,391 shares of the stock traded hands, compared to its average volume of 68,773,194. The company has a market cap of $29.85 billion, a price-to-earnings ratio of 26.31 and a beta of 1.43. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $96.33. The firm has a fifty day moving average price of $41.88 and a 200 day moving average price of $38.26. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the company earned $0.66 EPS. The company's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Citigroup began coverage on Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 target price on the stock. Bank of America initiated coverage on shares of Super Micro Computer in a research report on Wednesday. They issued an "underperform" rating and a $35.00 price target on the stock. Raymond James Financial initiated coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating for the company. Finally, Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $43.88.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, 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 value of $2,949,340.00. Following the completion of the transaction, the chief financial officer owned 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Liang 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 transaction of $13,500,000.00. Following the sale, the chief executive officer owned 66,903,640 shares in the company, valued at approximately $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 667,000 shares of company stock valued at $29,949,340 over the last three months. 17.60% of the stock is owned by corporate insiders.

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.