Objective Capital Management LLC Invests $241,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Objective Capital Management LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 239 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also bought and sold shares of SMCI. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $35,000. VitalStone Financial LLC raised its position in Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the last quarter. Larson Financial Group LLC raised its position in Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after purchasing an additional 28 shares during the last quarter. Versant Capital Management Inc raised its position in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares during the last quarter. Finally, Silicon Valley Capital Partners bought a new stake in shares of Super Micro Computer during the first quarter worth $51,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. Wedbush reiterated a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a research report on Friday. Loop Capital increased their price target on shares of 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. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price for the company. in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $999.92.

Super Micro Computer Trading Down 7.1 %

Shares of NASDAQ:SMCI traded down $47.59 during mid-day trading on Friday, reaching $624.65. The stock had a trading volume of 7,714,661 shares, compared to its average volume of 5,835,374. The firm has a market cap of $34.94 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.27. The firm has a 50 day simple moving average of $816.67 and a two-hundred day simple moving average of $828.14. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00.

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

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction 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 owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.

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.