EverSource Wealth Advisors LLC Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

EverSource Wealth Advisors LLC raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 805 shares of the company’s stock after purchasing an additional 19 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Super Micro Computer were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. grew its holdings in Super Micro Computer by 40.3% during the fourth quarter. Franklin Resources Inc. now owns 27,265 shares of the company’s stock worth $7,750,000 after acquiring an additional 7,828 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Super Micro Computer by 43.5% in the 4th quarter. D.A. Davidson & CO. now owns 2,591 shares of the company’s stock valued at $737,000 after purchasing an additional 786 shares during the period. Wells Fargo & Company MN grew its position in Super Micro Computer by 13.2% during the fourth quarter. Wells Fargo & Company MN now owns 168,873 shares of the company’s stock valued at $48,004,000 after buying an additional 19,685 shares during the period. Thoroughbred Financial Services LLC increased its holdings in Super Micro Computer by 129.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 3,628 shares of the company’s stock valued at $1,031,000 after buying an additional 2,046 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 4.3 %

Shares of NASDAQ:SMCI traded up $36.50 during midday trading on Friday, reaching $883.88. 6,850,442 shares of the company’s stock were exchanged, compared to its average volume of 6,226,230. The stock has a market cap of $49.44 billion, a price-to-earnings ratio of 49.54, a P/E/G ratio of 0.77 and a beta of 1.34. Super Micro Computer, Inc. has a fifty-two week low of $192.50 and a fifty-two week high of $1,229.00. The firm’s 50 day simple moving average is $892.19 and its two-hundred day simple moving average is $645.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SMCI shares. Northland Securities upped their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Bank of America boosted their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target on the stock. Finally, Argus began coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $954.38.

Insider Activity at Super Micro Computer

In related news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. 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.