Integrated Advisors Network LLC Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Integrated Advisors Network LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,832 shares of the company’s stock after purchasing an additional 1,141 shares during the period. Integrated Advisors Network LLC’s holdings in Super Micro Computer were worth $7,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Crossmark Global Holdings Inc. increased its holdings in shares of Super Micro Computer by 0.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after purchasing an additional 18 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Super Micro Computer by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $229,000 after purchasing an additional 19 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the period. Blue Trust Inc. grew its holdings in shares of Super Micro Computer by 29.5% in the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after acquiring an additional 41 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Super Micro Computer by 1.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,723 shares of the company’s stock worth $774,000 after acquiring an additional 43 shares during the period. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on SMCI shares. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Northland Securities lifted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Bank of America lifted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. started coverage on 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. Finally, Argus started coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $954.38.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was 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 in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the company’s 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 in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s 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 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.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded down $26.56 during trading hours on Friday, hitting $844.54. The company’s stock had a trading volume of 6,598,781 shares, compared to its average volume of 5,620,551. The business has a 50 day moving average price of $838.49 and a two-hundred day moving average price of $703.17. Super Micro Computer, Inc. has a 12-month low of $213.08 and a 12-month high of $1,229.00. The company has a market cap of $47.24 billion, a PE ratio of 47.34, a PEG ratio of 0.76 and a beta of 1.23. 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 announced 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 return on equity of 34.09% and a net margin of 8.88%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share 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.