Willis Johnson & Associates Inc. Acquires 31 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Willis Johnson & Associates Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 751 shares of the company’s stock after buying an additional 31 shares during the quarter. Willis Johnson & Associates Inc.’s holdings in Super Micro Computer were worth $759,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Optimum Investment Advisors purchased a new position in Super Micro Computer in the fourth quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer during the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at about $33,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the 1st quarter valued at about $35,000. Finally, Allworth Financial LP lifted its position 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 valued at $36,000 after buying an additional 28 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Up 1.2 %

Shares of NASDAQ SMCI traded up $9.83 during trading hours on Thursday, hitting $847.00. 3,197,899 shares of the company traded hands, compared to its average volume of 6,843,932. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27. 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 company’s 50 day moving average price is $838.21 and its 200 day moving average price is $757.15. Super Micro Computer, Inc. has a 12 month low of $226.59 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share 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 the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SMCI. KeyCorp began coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Loop Capital lifted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Finally, Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $954.38.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction on 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 transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated 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 in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction 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 $15,147,374. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is currently owned by insiders.

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.