Kestra Private Wealth Services LLC Grows Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kestra Private Wealth Services LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,019 shares of the company’s stock after purchasing an additional 7,950 shares during the period. Kestra Private Wealth Services LLC’s holdings in Super Micro Computer were worth $1,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMCI. Allspring Global Investments Holdings LLC lifted its holdings in Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company’s stock worth $854,000 after buying an additional 302 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Super Micro Computer by 0.3% in the 1st quarter. Victory Capital Management Inc. now owns 162,589 shares of the company’s stock valued at $5,567,000 after purchasing an additional 457 shares during the last quarter. Shelton Capital Management lifted its holdings in shares of Super Micro Computer by 6.5% in the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after purchasing an additional 480 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company’s stock valued at $36,000 after purchasing an additional 500 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 3.7%

Super Micro Computer stock opened at $51.70 on Thursday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $77.37. The firm has a market capitalization of $30.86 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.43 and a beta of 1.43. The company has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $39.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI) last issued 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 firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, equities analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on SMCI shares. Rosenblatt Securities reduced their price objective on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Super Micro Computer from $35.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $39.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wedbush reiterated a “buy” rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.89.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the business’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 sale, the chief financial officer directly owned 88,599 shares of the company’s stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer owned 66,903,640 shares of the company’s stock, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 667,000 shares of company stock valued at $29,949,340 over the last three months. Company insiders own 17.60% of the company’s stock.

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.