Integrated Advisors Network LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Integrated Advisors Network LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,202 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also recently added to or reduced their stakes in SMCI. Empowered Funds LLC increased its position in Super Micro Computer by 12.9% during the 4th quarter. Empowered Funds LLC now owns 10,010 shares of the company’s stock worth $305,000 after buying an additional 1,140 shares during the period. Allspring Global Investments Holdings LLC increased its position in Super Micro Computer by 842.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company’s stock worth $723,000 after buying an additional 21,512 shares during the period. Van ECK Associates Corp increased its position in Super Micro Computer by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 147,494 shares of the company’s stock worth $4,496,000 after buying an additional 12,824 shares during the period. Asset Management One Co. Ltd. increased its position in Super Micro Computer by 745.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 168,405 shares of the company’s stock worth $5,386,000 after buying an additional 148,489 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of Super Micro Computer by 599.1% in the fourth quarter. Vontobel Holding Ltd. now owns 31,935 shares of the company’s stock worth $973,000 after purchasing an additional 27,367 shares during the period. Institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was 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 in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

SMCI opened at $41.56 on Monday. The stock’s 50 day simple moving average is $37.59 and its 200 day simple moving average is $37.23. 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, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 20.86 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. As a group, analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on SMCI. Citigroup began coverage on Super Micro Computer in a research report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price target on the stock. Barclays restated an “equal weight” rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Raymond James began coverage on Super Micro Computer in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $45.63.

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.