Wealthcare Advisory Partners LLC Buys Shares of 21,550 Super Micro Computer, Inc. (NASDAQ:SMCI)

Wealthcare Advisory Partners LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 21,550 shares of the company's stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% during the 4th 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 stake 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 worth $30,000 after buying an additional 893 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer during the 1st quarter worth $34,000. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer during the 4th quarter worth $33,000. Finally, AlphaQuest LLC raised its stake in shares of 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 buying an additional 762 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Super Micro Computer news, 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 value 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. This represents a 43.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KGI Securities assumed coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. 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. Citigroup assumed coverage on Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price target for the company. Finally, Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Trading Down 4.2%

Shares of NASDAQ:SMCI traded down $1.80 during trading on Friday, reaching $41.56. 36,424,358 shares of the stock were exchanged, compared to its average volume of 70,812,275. 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 12-month low of $17.25 and a 12-month high of $101.40. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40. The firm's 50-day moving average price is $37.59 and its 200 day moving average price is $37.20.

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, topping 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 during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The company's revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share 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.