Pure Financial Advisors LLC Invests $253,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Pure Financial Advisors LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 309 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares in the last quarter. GQG Partners LLC purchased a new stake in Super Micro Computer during the 1st quarter valued at about $1,325,466,000. Norges Bank purchased a new stake in Super Micro Computer during the 4th quarter valued at about $95,211,000. Principal Financial Group Inc. grew its stake in Super Micro Computer by 4.8% during the 4th quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after acquiring an additional 14,959 shares in the last quarter. Finally, Wolf Hill Capital Management LP acquired a new position in Super Micro Computer in the 4th quarter valued at about $77,996,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 0.3 %

Super Micro Computer stock traded up $2.11 during mid-day trading on Friday, reaching $628.80. 8,061,238 shares of the company’s stock were exchanged, compared to its average volume of 7,347,915. The company has a market cap of $35.17 billion, a P/E ratio of 35.25, a P/E/G ratio of 0.65 and a beta of 1.27. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $768.19 and a 200-day moving average of $838.49.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the company earned $3.43 earnings per share. Super Micro Computer’s quarterly revenue was up 142.9% compared to the same quarter last year. Sell-side analysts expect that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on SMCI shares. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the company from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $1,150.00 to $950.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $911.85.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer 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 value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Super Micro Computer 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 value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

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.