Kovack Advisors Inc. Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kovack Advisors Inc. raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,805 shares of the company’s stock after purchasing an additional 307 shares during the period. Kovack Advisors Inc.’s holdings in Super Micro Computer were worth $1,823,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Optimum Investment Advisors purchased a new stake in Super Micro Computer during the 4th quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $33,000. Bank of New Hampshire bought a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. Finally, Allworth Financial LP lifted its stake in 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 purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock traded up $9.83 during mid-day trading on Thursday, hitting $847.00. The stock had a trading volume of 3,197,899 shares, compared to its average volume of 6,843,932. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. 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 firm has a market capitalization of $47.37 billion, a P/E ratio of 47.48, a P/E/G ratio of 0.53 and a beta of 1.27. The firm’s 50 day moving average is $838.21 and its 200 day moving average is $757.15.

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

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the firm’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 completion of the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. 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 sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. 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 in the last three months. Insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SMCI shares. Wells Fargo & Company lowered their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated 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. Loop Capital upped their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target on the stock. Two research 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. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $954.38.

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.