Valeo Financial Advisors LLC Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Valeo Financial Advisors LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,270 shares of the company’s stock after acquiring an additional 16 shares during the period. Valeo Financial Advisors LLC’s holdings in Super Micro Computer were worth $1,283,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Sivia Capital Partners LLC purchased a new position in Super Micro Computer in the first quarter worth about $368,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Super Micro Computer by 5.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,098 shares of the company’s stock worth $107,162,000 after buying an additional 5,237 shares during the last quarter. Oxinas Partners Wealth Management LLC purchased a new position in Super Micro Computer in the first quarter worth about $588,000. State of Michigan Retirement System raised its holdings in Super Micro Computer by 465.3% in the first quarter. State of Michigan Retirement System now owns 66,700 shares of the company’s stock worth $67,369,000 after buying an additional 54,900 shares during the last quarter. Finally, Westhampton Capital LLC purchased a new position in Super Micro Computer in the first quarter worth about $295,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were 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 of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. Bank of America boosted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $9.83 during midday trading on Wednesday, reaching $847.00. 3,188,343 shares of the company were exchanged, compared to its average volume of 8,573,328. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $836.36 and its two-hundred day moving average is $756.52. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The stock has a market cap of $47.37 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current 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.