Oxinas Partners Wealth Management LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Oxinas Partners Wealth Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 582 shares of the company’s stock, valued at approximately $588,000.

Other hedge funds have also modified their holdings of the company. Optimum Investment Advisors acquired a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Super Micro Computer in the fourth quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $33,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the 1st quarter worth $35,000. Finally, Allworth Financial LP boosted its position in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after buying an additional 28 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The sale was disclosed in a legal 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 Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock worth $1,116,736 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Trading Up 3.1 %

NASDAQ:SMCI traded up $24.85 during mid-day trading on Tuesday, reaching $837.17. The company’s stock had a trading volume of 5,487,484 shares, compared to its average volume of 8,615,997. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The stock has a market cap of $46.82 billion, a P/E ratio of 46.93, a P/E/G ratio of 0.74 and a beta of 1.27. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The company’s fifty day simple moving average is $836.36 and its two-hundred day simple moving average is $756.52.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion during 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%. On average, equities analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent research reports. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Bank of America upped their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Finally, Argus assumed coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. Two investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $954.38.

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.