Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 515.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,535 shares of the company's stock after purchasing an additional 18,038 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Super Micro Computer were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares during the period. AlphaQuest LLC lifted its position in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in Super Micro Computer in the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Super Micro Computer in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI stock traded up $0.79 on Thursday, hitting $44.00. 11,582,283 shares of the stock traded hands, compared to its average volume of 70,964,010. The company's fifty day moving average is $37.19 and its 200 day moving average is $37.12. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a market capitalization of $26.26 billion, a PE ratio of 22.09 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 (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of analyst reports. Raymond James started coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective on the stock. Wedbush reaffirmed a "neutral" rating and set a $30.00 price target (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Citigroup assumed coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective for the company. Finally, Northland Securities set a $59.00 target price on Super Micro Computer in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $45.63.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the business'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 completion of the transaction, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.60% of the stock is owned by company insiders.

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.