Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,004 shares of the company’s stock after acquiring an additional 62 shares during the period. SeaCrest Wealth Management LLC’s holdings in Super Micro Computer were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMCI. Hennessy Advisors Inc. grew its holdings in shares of Super Micro Computer by 28.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after purchasing an additional 61,500 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Super Micro Computer during the third quarter worth approximately $55,943,000. Natixis Advisors L.P. increased its position in shares of Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after acquiring an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. raised its position in Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Super Micro Computer by 26.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock valued at $14,858,000 after buying an additional 11,342 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,289 shares of company stock worth $30,197,681. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Rosenblatt Securities lifted their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Susquehanna upped their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group started coverage on Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 target price for the company. Argus began coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday. They set an “overweight” rating and a $1,150.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Moderate Buy” and a consensus price target of $865.23.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded down $13.26 during trading on Thursday, hitting $1,010.03. 3,451,516 shares of the company traded hands, compared to its average volume of 10,951,680. Super Micro Computer, Inc. has a one year low of $93.19 and a one year high of $1,229.00. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $820.17 and its 200-day moving average is $468.46. The stock has a market capitalization of $56.49 billion, a price-to-earnings ratio of 78.85, a PEG ratio of 0.93 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.09 EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 19.66 earnings per share for the current fiscal year.

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.