Warm Springs Advisors Inc. Purchases Shares of 34,884 Super Micro Computer, Inc. (NASDAQ:SMCI)

Warm Springs Advisors Inc. purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,884 shares of the company's stock, valued at approximately $1,063,000.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $31,000. AlphaQuest LLC raised its position in shares of Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $34,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SMCI shares. Citigroup started 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 target for the company. KGI Securities started coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating for the company. Needham & Company LLC reissued a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Mizuho set a $40.00 price target on shares of Super Micro Computer and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Wedbush reissued a "neutral" rating and set a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $45.63.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 204,473 shares of company stock valued at $9,720,892 over the last three months. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $40.09 on Friday. The stock's 50 day moving average price is $35.82 and its 200 day moving average price is $35.52. The firm has a market capitalization of $23.93 billion, a PE ratio of 20.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the business earned $0.66 EPS. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.

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