Western Financial Corp CA Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Western Financial Corp CA bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,037 shares of the company's stock, valued at approximately $926,000.

Other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC raised its stake in Super Micro Computer by 907.8% during the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock worth $2,060,000 after purchasing an additional 60,879 shares during the period. Fisher Asset Management LLC purchased a new position in Super Micro Computer during the fourth quarter worth about $209,000. US Bancorp DE increased its position in shares of Super Micro Computer by 1,147.3% during the fourth quarter. US Bancorp DE now owns 28,863 shares of the company's stock valued at $880,000 after acquiring an additional 26,549 shares during the last quarter. LPL Financial LLC increased its position in shares of Super Micro Computer by 561.3% during the fourth quarter. LPL Financial LLC now owns 675,605 shares of the company's stock valued at $20,592,000 after acquiring an additional 573,439 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $1,176,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction on 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 completion of the sale, the director now owns 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Trading Up 8.8%

NASDAQ SMCI opened at $46.61 on Thursday. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $96.33. The stock has a market capitalization of $27.82 billion, a PE ratio of 24.52 and a beta of 1.40. The firm has a 50 day moving average of $39.21 and a two-hundred day moving average of $37.47.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS 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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