Foster Victor Wealth Advisors LLC Buys 1,448 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Foster Victor Wealth Advisors LLC increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,136 shares of the company’s stock after purchasing an additional 1,448 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Super Micro Computer were worth $8,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brookstone Capital Management raised its position in shares of Super Micro Computer by 71.0% during the 2nd quarter. Brookstone Capital Management now owns 530 shares of the company’s stock valued at $433,000 after acquiring an additional 220 shares during the last quarter. Blue Trust Inc. increased its position in shares of Super Micro Computer by 55.1% in the 2nd quarter. Blue Trust Inc. now owns 197 shares of the company’s stock valued at $161,000 after buying an additional 70 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at $253,000. Royal Fund Management LLC increased its position in shares of Super Micro Computer by 762.9% in the 2nd quarter. Royal Fund Management LLC now owns 1,769 shares of the company’s stock valued at $1,449,000 after buying an additional 1,564 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Super Micro Computer by 83.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,770 shares of the company’s stock valued at $16,199,000 after purchasing an additional 8,966 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of the company’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 transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was 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. Company insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $1,090.00 to $700.00 in a research report on Wednesday, August 7th. KeyCorp assumed coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $911.85.

Super Micro Computer Trading Up 0.3 %

Shares of NASDAQ:SMCI traded up $2.11 during mid-day trading on Friday, reaching $628.80. 8,061,238 shares of the company’s stock were exchanged, compared to its average volume of 7,347,915. Super Micro Computer, Inc. has a twelve month low of $226.59 and a twelve month high of $1,229.00. The business’s fifty day moving average price is $768.19 and its 200-day moving average price is $840.76. The firm has a market capitalization of $35.17 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 0.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer’s quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.43 EPS. On average, research analysts predict that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

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.