Hennessy Advisors Inc. Has $45.65 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Hennessy Advisors Inc. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 42.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,200 shares of the company’s stock after purchasing an additional 13,406 shares during the period. Super Micro Computer comprises 1.9% of Hennessy Advisors Inc.’s holdings, making the stock its 7th largest position. Hennessy Advisors Inc.’s holdings in Super Micro Computer were worth $45,653,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Super Micro Computer by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after buying an additional 18 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Super Micro Computer by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $229,000 after buying an additional 19 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after buying an additional 28 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Argus began coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. KeyCorp began coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating for the company. Wedbush raised 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. Finally, Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Stock Performance

SMCI stock traded down $44.41 during mid-day trading on Friday, hitting $845.95. 6,817,948 shares of the company were exchanged, compared to its average volume of 8,573,664. The business has a 50 day simple moving average of $830.84 and a 200-day simple moving average of $738.56. 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 stock has a market capitalization of $47.32 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data 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. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. On average, equities analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current 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 shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is currently owned by company insiders.

About Super Micro Computer

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.