Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the company's stock after selling 1,610 shares during the quarter. Kovack Advisors Inc.'s holdings in Super Micro Computer were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec purchased a new position in Super Micro Computer in the third quarter worth about $55,943,000. Natixis Advisors L.P. boosted its stake in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock worth $4,722,000 after buying an additional 4,118 shares during the period. Shilanski & Associates Inc. boosted its stake in Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock worth $1,451,000 after buying an additional 134 shares during the period. Geneos Wealth Management Inc. increased its position in Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock valued at $1,344,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Super Micro Computer by 26.5% in the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company's stock valued at $14,858,000 after acquiring an additional 11,342 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares of the company's stock, valued at approximately $10,846,980. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Daniel W. Fairfax sold 300 shares of the firm'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 sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,027 shares of company stock valued at $29,655,672 over the last ninety days. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Up 3.8 %

Shares of SMCI stock traded up $32.91 on Monday, hitting $890.35. The stock had a trading volume of 5,843,963 shares, compared to its average volume of 9,716,115. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Super Micro Computer, Inc. has a one year low of $101.71 and a one year high of $1,229.00. The business has a 50 day moving average price of $950.64 and a 200 day moving average price of $572.74. The company has a market cap of $49.80 billion, a PE ratio of 69.50, a P/E/G ratio of 0.76 and a beta of 1.28.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SMCI. Bank of America upped their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Susquehanna raised their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a research note on Tuesday, January 30th. Rosenblatt Securities upped their price objective on 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, Wells Fargo & Company assumed coverage on Super Micro Computer in a research report on Friday, February 16th. They set an "equal weight" rating and a $960.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.