Farther Finance Advisors LLC raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 12.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,994 shares of the company’s stock after acquiring an additional 790 shares during the period. Farther Finance Advisors LLC’s holdings in Super Micro Computer were worth $343,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in SMCI. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 3.9% in the first quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company’s stock valued at $2,205,322,000 after buying an additional 2,415,276 shares during the period. Nuveen LLC acquired a new position in Super Micro Computer during the first quarter valued at approximately $53,031,000. Analog Century Management LP acquired a new position in Super Micro Computer during the first quarter valued at approximately $32,284,000. American Century Companies Inc. raised its position in Super Micro Computer by 434.0% during the first quarter. American Century Companies Inc. now owns 859,821 shares of the company’s stock valued at $29,440,000 after purchasing an additional 698,814 shares in the last quarter. Finally, Woodline Partners LP raised its position in Super Micro Computer by 1,946.1% during the first quarter. Woodline Partners LP now owns 618,768 shares of the company’s stock valued at $21,187,000 after purchasing an additional 588,526 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.
Super Micro Computer Stock Performance
NASDAQ SMCI opened at $46.36 on Tuesday. The company has a quick ratio of 3.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.14 and a beta of 1.56. The stock has a fifty day simple moving average of $46.94 and a 200 day simple moving average of $42.63. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44.
Wall Street Analysts Forecast Growth
SMCI has been the subject of several research analyst reports. Citigroup restated a “neutral” rating and set a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Needham & Company LLC upped their price target on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. The Goldman Sachs Group upped their price target on shares of Super Micro Computer from $24.00 to $27.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Mizuho upped their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Finally, Zacks Research upgraded shares of Super Micro Computer to a “hold” rating in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $45.36.
Read Our Latest Report on Super Micro Computer
Insider Buying and Selling at Super Micro Computer
In related news, SVP George Kao sold 40,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $43.88, for a total value of $1,755,200.00. Following the sale, the senior vice president owned 21,820 shares in the company, valued at $957,461.60. This represents a 64.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David E. Weigand sold 25,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares in the company, valued at $4,522,486.32. This represents a 19.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 490,000 shares of company stock worth $27,890,950. 16.30% of the stock is currently owned by insiders.
Super Micro Computer 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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