TrueWealth Advisors LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,559 shares of the company's stock, valued at approximately $293,000.
Several other large investors have also recently modified their holdings of SMCI. Chicago Partners Investment Group LLC raised its holdings in Super Micro Computer by 27.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,554 shares of the company's stock worth $344,000 after acquiring an additional 2,298 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Super Micro Computer by 1,022.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,108 shares of the company's stock worth $582,000 after purchasing an additional 17,406 shares during the last quarter. DAVENPORT & Co LLC raised its stake in shares of Super Micro Computer by 1,040.2% in the fourth quarter. DAVENPORT & Co LLC now owns 21,630 shares of the company's stock worth $659,000 after purchasing an additional 19,733 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Super Micro Computer by 2,231.2% during the fourth quarter. Spire Wealth Management now owns 15,526 shares of the company's stock valued at $473,000 after purchasing an additional 14,860 shares in the last quarter. Finally, Trust Point Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Stock Performance
Shares of SMCI stock traded up $0.78 during trading hours on Friday, reaching $41.55. 25,359,202 shares of the company traded hands, compared to its average volume of 71,234,946. The firm has a 50-day moving average price of $36.42 and a 200 day moving average price of $36.74. The company has a market cap of $24.80 billion, a P/E ratio of 20.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40.
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, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the firm earned $0.66 earnings per share. The business's quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
Insider Buying and Selling at Super Micro Computer
In related news, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer now directly owns 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.60% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Mizuho set a $40.00 target price on Super Micro Computer and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wedbush restated a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $45.63.
Get Our Latest Analysis on SMCI
About Super Micro Computer
(
Free Report)
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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