Wealthfront Advisers LLC Has $2.38 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wealthfront Advisers LLC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 46.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,459 shares of the company's stock after purchasing an additional 22,081 shares during the period. Wealthfront Advisers LLC's holdings in Super Micro Computer were worth $2,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SMCI. Central Pacific Bank Trust Division bought a new position in shares of Super Micro Computer in the 1st quarter valued at about $34,000. IMG Wealth Management Inc. raised its position in shares of Super Micro Computer by 90.7% in 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 in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $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 last quarter. Finally, Quarry LP bought a new position in Super Micro Computer in the fourth quarter valued at approximately $34,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

SMCI stock traded down $0.98 during trading on Friday, reaching $51.77. The company had a trading volume of 31,789,538 shares, compared to its average volume of 68,061,178. The firm has a 50-day simple moving average of $44.89 and a 200-day simple moving average of $39.25. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $80.88.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted 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. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SMCI shares. Raymond James Financial started coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating on the stock. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Needham & Company LLC reiterated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $42.89.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were 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 directly owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock valued at $29,949,340 over the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

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.