VitalStone Financial LLC Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

VitalStone Financial LLC raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 250.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35 shares of the company’s stock after acquiring an additional 25 shares during the quarter. VitalStone Financial LLC’s holdings in Super Micro Computer were worth $35,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares in the last quarter. TFC Financial Management Inc. grew its position in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Super Micro Computer by 1.3% during the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after buying an additional 16 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after buying an additional 18 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Tally C. Liu sold 500 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated 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 owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,325 shares of company stock valued at $1,116,736. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Northland Securities boosted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Wedbush boosted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective for the company. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $994.15.

Super Micro Computer Price Performance

SMCI stock traded up $24.73 on Friday, reaching $913.95. 2,999,411 shares of the company’s stock were exchanged, compared to its average volume of 8,448,726. The stock has a fifty day moving average of $845.87 and a 200-day moving average of $777.89. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The firm has a market cap of $51.12 billion, a PE ratio of 51.46, a P/E/G ratio of 0.57 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

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

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.