Kingsview Wealth Management LLC Takes $3.64 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kingsview Wealth Management LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,602 shares of the company’s stock, valued at approximately $3,638,000.

Other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in shares of Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares in the last quarter. TFC Financial Management Inc. increased its holdings in shares of Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after purchasing an additional 15 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Super Micro Computer by 1.3% in the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after buying an additional 16 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s 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 transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction 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 completion of 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. In the last ninety days, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Trading Up 0.0 %

SMCI stock traded up $0.38 during trading on Friday, hitting $801.99. The company had a trading volume of 3,699,465 shares, compared to its average volume of 8,364,578. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The company has a 50 day simple moving average of $850.82 and a 200-day simple moving average of $797.67. The firm has a market capitalization of $44.86 billion, a P/E ratio of 44.85, a PEG ratio of 0.51 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, research analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SMCI. Wedbush lifted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. The Goldman Sachs Group dropped 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. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $999.92.

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.