Spirepoint Private Client LLC Acquires Shares of 268 Super Micro Computer, Inc. (NASDAQ:SMCI)

Spirepoint Private Client LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 268 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake 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 buying an additional 13 shares during the period. Versant Capital Management Inc boosted its position in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares in the last quarter. TFC Financial Management Inc. boosted its position in shares of Super Micro Computer by 23.1% during the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after purchasing an additional 15 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after purchasing an additional 16 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Super Micro Computer by 0.8% during the 1st quarter. Forum Financial Management LP now owns 1,943 shares of the company’s stock worth $1,962,000 after purchasing an additional 16 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SMCI. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 1st. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Northland Securities boosted 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 report on Monday, March 25th. Finally, Wedbush boosted 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $999.92.

Insider Activity

In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tally C. Liu sold 500 shares of the 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 sold a total of 1,325 shares of company stock valued at $1,116,736 in the last 90 days. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Price Performance

SMCI stock traded down $4.83 during trading on Friday, hitting $796.78. The stock had a trading volume of 8,351,253 shares, compared to its average volume of 6,286,195. The company’s 50 day moving average price is $850.79 and its two-hundred day moving average price is $804.84. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The stock has a market cap of $44.57 billion, a price-to-earnings ratio of 44.66, a price-to-earnings-growth ratio of 0.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, sell-side analysts forecast 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.