PFG Investments LLC Takes $5.06 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

PFG Investments LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,012 shares of the company's stock, valued at approximately $5,062,000.

A number of other institutional investors have also recently modified their holdings of the business. Allworth Financial LP purchased a new position in Super Micro Computer in the 3rd quarter valued at about $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the 4th quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the 4th quarter valued at about $33,000. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer in the 1st quarter worth approximately $35,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares of the company's stock, valued at $10,846,980. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Daniel W. Fairfax sold 300 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares of the company's stock, valued at $10,846,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Don W. Clegg sold 28,727 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company's stock, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock valued at $30,113,681 over the last ninety days. Insiders own 17.60% of the company's stock.

Super Micro Computer Stock Up 8.9 %

Shares of NASDAQ:SMCI traded up $70.04 during trading on Friday, hitting $857.44. The company's stock had a trading volume of 7,068,025 shares, compared to its average volume of 5,787,591. The business has a 50 day moving average price of $948.90 and a two-hundred day moving average price of $566.72. The company has a market capitalization of $47.96 billion, a PE ratio of 66.94, a P/E/G ratio of 0.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer, Inc. has a fifty-two week low of $93.34 and a fifty-two week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company's revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.09 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Analysts Set New Price Targets

SMCI has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday. They issued a "sector weight" rating on the stock. Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Argus assumed coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 target price on the stock. Rosenblatt Securities lifted their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an "overweight" rating and a $1,150.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $949.85.

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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