Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Raised by Peterson Wealth Services

Peterson Wealth Services lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 114.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,507 shares of the company’s stock after buying an additional 803 shares during the period. Peterson Wealth Services’ holdings in Super Micro Computer were worth $1,522,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Shilanski & Associates Inc. grew its position in Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after purchasing an additional 134 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Super Micro Computer by 482.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock worth $34,013,000 after purchasing an additional 27,895 shares during the last quarter. Truist Financial Corp bought a new position in Super Micro Computer in the 4th quarter worth about $739,000. Geneos Wealth Management Inc. grew its position in Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after purchasing an additional 2,870 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Super Micro Computer by 54.8% in the fourth quarter. Pacer Advisors Inc. now owns 10,038 shares of the company’s stock valued at $2,853,000 after acquiring an additional 3,554 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 0.0 %

SMCI traded down $0.42 during trading on Friday, reaching $846.58. The company had a trading volume of 4,809,253 shares, compared to its average volume of 6,436,755. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a 12 month low of $226.59 and a 12 month high of $1,229.00. The business’s fifty day moving average price is $839.18 and its 200 day moving average price is $761.42. The company has a market cap of $47.35 billion, a P/E ratio of 47.45, a PEG ratio of 0.53 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the 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 transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $240,600.00. Following the completion of 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 three months, insiders have sold 1,325 shares of company stock worth $1,116,736. Corporate insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of several recent analyst reports. Bank of America increased 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. 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 objective for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. KeyCorp started coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Finally, Wedbush increased their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $954.38.

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.