Global Assets Advisory LLC Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Global Assets Advisory LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 180.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,547 shares of the company's stock after acquiring an additional 24,805 shares during the period. Global Assets Advisory LLC's holdings in Super Micro Computer were worth $1,329,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after acquiring an additional 825 shares during the last quarter. Principal Securities Inc. increased its position in shares of Super Micro Computer by 250.4% during the fourth quarter. Principal Securities Inc. now owns 3,147 shares of the company's stock worth $96,000 after buying an additional 2,249 shares during the period. Principal Financial Group Inc. raised its stake in Super Micro Computer by 887.7% during the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company's stock worth $19,060,000 after buying an additional 562,029 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Super Micro Computer by 529.6% in the fourth quarter. D.A. Davidson & CO. now owns 15,306 shares of the company's stock valued at $467,000 after buying an additional 12,875 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in Super Micro Computer during the fourth quarter valued at $966,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Super Micro Computer stock traded up $3.77 during midday trading on Wednesday, reaching $46.61. The stock had a trading volume of 86,139,571 shares, compared to its average volume of 69,858,913. The firm has a market capitalization of $27.82 billion, a PE ratio of 24.52 and a beta of 1.40. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $96.33. 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 firm's 50-day moving average price is $38.92 and its 200 day moving average price is $37.41.

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

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the transaction, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 66,903,640 shares of the company's stock, 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 worth $29,949,340 in the last three months. 17.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent analyst reports. Rosenblatt Securities decreased their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Citigroup initiated coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and a consensus price target of $45.63.

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.