Main Management ETF Advisors LLC Buys 12,688 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Main Management ETF Advisors LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 817.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,240 shares of the company's stock after purchasing an additional 12,688 shares during the quarter. Main Management ETF Advisors LLC's holdings in Super Micro Computer were worth $434,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont increased its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its position 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 acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

SMCI has been the subject of several research analyst reports. Mizuho set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. KGI Securities initiated coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Finally, Raymond James began coverage on Super Micro Computer in a report on Tuesday. They issued an "outperform" rating and a $41.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.25.

Super Micro Computer Trading Up 5.0%

Super Micro Computer stock traded up $2.19 during trading hours on Friday, reaching $46.15. The stock had a trading volume of 98,012,727 shares, compared to its average volume of 72,620,935. The company has a fifty day simple moving average of $35.68 and a 200-day simple moving average of $35.05. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The stock has a market cap of $27.54 billion, a PE ratio of 23.17 and a beta of 1.36. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. Analysts forecast 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.