Washburn Capital Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Washburn Capital Management Inc. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,893 shares of the company's stock, valued at approximately $476,000.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer during the first quarter valued at about $34,000. IMG Wealth Management Inc. raised its position in shares of Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after buying an additional 500 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Super Micro Computer in the fourth quarter valued at about $33,000. AlphaQuest LLC increased its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the period. Finally, Quarry LP bought a new stake in Super Micro Computer in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on 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 owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Rosenblatt Securities lowered their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 target price on the stock. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and an average price target of $42.89.

Super Micro Computer Price Performance

Shares of SMCI stock traded up $0.09 during trading hours on Friday, reaching $52.84. 10,725,267 shares of the company were exchanged, compared to its average volume of 68,010,179. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $83.50. The stock's fifty day moving average is $44.49 and its two-hundred day moving average is $39.10. The company has a market cap of $31.54 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 2.44 and a beta of 1.43. 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 (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 company 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 business earned $0.66 earnings per share. Super Micro Computer's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

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.

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