Avantax Advisory Services Inc. Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Avantax Advisory Services Inc. has increased its stake in Super Micro Computer by 58.8%, bringing their total holdings to 84,968 shares valued at approximately $2.9 million.
• Several institutional investors, including Bernard Wealth Management and Versant Capital Management, have recently acquired new positions in Super Micro Computer, which has led to institutional ownership reaching 84.06% of the company's stock.
• Super Micro Computer's stock has analysts divided with a consensus rating of "Hold" and a target price of $42.89, with ratings ranging from sell to strong buy among analysts.

Avantax Advisory Services Inc. boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 58.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,968 shares of the company's stock after buying an additional 31,475 shares during the period. Avantax Advisory Services Inc.'s holdings in Super Micro Computer were worth $2,909,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new position in Super Micro Computer in the 1st quarter worth about $5,408,000. Gibraltar Capital Management Inc. purchased a new stake in Super Micro Computer in the first quarter worth approximately $205,000. Sequoia Financial Advisors LLC boosted its holdings in Super Micro Computer by 43.2% in the first quarter. Sequoia Financial Advisors LLC now owns 19,243 shares of the company's stock worth $659,000 after purchasing an additional 5,804 shares during the last quarter. LPL Financial LLC grew its position in Super Micro Computer by 561.3% in the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after purchasing an additional 573,439 shares during the period. Finally, Capital Advisors Inc. OK raised its stake in Super Micro Computer by 39.8% during the 1st quarter. Capital Advisors Inc. OK now owns 47,251 shares of the company's stock valued at $1,618,000 after buying an additional 13,451 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $2.08 during mid-day trading on Wednesday, reaching $60.71. The company's stock had a trading volume of 52,543,923 shares, compared to its average volume of 33,995,012. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $72.44. The stock has a fifty day moving average of $46.94 and a two-hundred day moving average of $40.47. The firm has a market capitalization of $36.23 billion, a PE ratio of 31.94, a P/E/G ratio of 2.85 and a beta of 1.43.

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

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction 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 sale, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,067,000 shares of company stock valued at $53,949,340. Corporate insiders own 17.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on SMCI. Northland Securities set a $59.00 price objective on Super Micro Computer in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $52.00 target price (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Mizuho upped their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Finally, Barclays restated an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $42.89.

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.