Traphagen Investment Advisors LLC Invests $207,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Traphagen Investment Advisors LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 253 shares of the company’s stock, valued at approximately $207,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 acquiring an additional 1,265,542 shares during the last quarter. GQG Partners LLC bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $1,325,466,000. Norges Bank bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. Principal Financial Group Inc. grew its stake in shares of Super Micro Computer by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after buying an additional 14,959 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $77,996,000. 84.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Susquehanna upped their target price on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research note on Monday, July 15th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price target for the company from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group lowered their price target on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $911.85.

Super Micro Computer Stock Down 3.0 %

Shares of SMCI stock traded down $18.96 during trading hours on Thursday, reaching $604.82. 6,091,376 shares of the company’s stock were exchanged, compared to its average volume of 8,234,523. The stock’s 50 day moving average is $758.77 and its 200-day moving average is $841.92. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 0.71 and a beta of 1.27. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00.

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

Insider Activity at Super Micro Computer

In related news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the transaction, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on 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 transaction, the director now directly 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 insiders.

About Super Micro Computer

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.