Captrust Financial Advisors Has $7.32 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Captrust Financial Advisors raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,170.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,179 shares of the company's stock after acquiring an additional 221,274 shares during the quarter. Captrust Financial Advisors' holdings in Super Micro Computer were worth $7,321,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont lifted its position in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% in 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 in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer in the fourth quarter worth about $31,000. Institutional investors own 84.06% of the company's stock.

Insider Activity

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SMCI shares. JPMorgan Chase & Co. lowered their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Mizuho set a $34.00 price target on Super Micro Computer in a research report on Tuesday, May 6th. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus price target of $45.53.

Super Micro Computer Price Performance

Shares of SMCI traded down $0.09 during trading hours on Friday, hitting $32.02. 31,372,163 shares of the company were exchanged, compared to its average volume of 71,876,853. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 16.07 and a beta of 1.36. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The firm's fifty day moving average is $35.37 and its 200 day moving average is $35.17.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its 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 firm had revenue of $4.60 billion during 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%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

About Super Micro Computer

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.