Cetera Investment Advisers Buys 11,042 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Cetera Investment Advisers grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 66.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,575 shares of the company’s stock after buying an additional 11,042 shares during the quarter. Cetera Investment Advisers’ holdings in Super Micro Computer were worth $27,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SMCI. International Assets Investment Management LLC boosted its holdings in Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. GQG Partners LLC purchased a new position in Super Micro Computer during the first quarter worth about $1,325,466,000. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Norges Bank purchased a new position in Super Micro Computer during the fourth quarter worth about $95,211,000. Finally, Wolf Hill Capital Management LP purchased a new position in Super Micro Computer during the fourth quarter worth about $77,996,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $624.65 on Friday. The firm’s 50-day moving average price is $816.67 and its 200-day moving average price is $831.65. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a market cap of $34.94 billion, a PE ratio of 35.01, a PEG ratio of 0.42 and a beta of 1.27. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMCI. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Wedbush reaffirmed a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a report on Friday. Wells Fargo & Company decreased their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $999.92.

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of the firm’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 sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related 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 value of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tally C. Liu sold 500 shares of the firm’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 completion of the transaction, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

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.