Super Micro Computer, Inc. (NASDAQ:SMCI) Stake Boosted by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 37.3% in the 2nd quarter, Holdings Channel reports. The firm owned 4,167 shares of the company’s stock after purchasing an additional 1,131 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Super Micro Computer were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Super Micro Computer in the first quarter valued at approximately $98,000. Vanguard Group Inc. boosted its position in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in Super Micro Computer during the 1st quarter valued at approximately $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Super Micro Computer by 168.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock worth $59,180,000 after buying an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after buying an additional 51,906 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI traded up $16.46 during midday trading on Friday, reaching $621.28. The stock had a trading volume of 2,055,178 shares, compared to its average volume of 8,193,733. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $34.75 billion, a P/E ratio of 33.90, a P/E/G ratio of 0.71 and a beta of 1.27. The firm’s 50 day moving average price is $753.44 and its 200-day moving average price is $840.27. Super Micro Computer, Inc. has a 52 week low of $226.59 and a 52 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 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm posted $3.43 earnings per share. Super Micro Computer’s revenue was up 142.9% compared to the same quarter last year. On average, analysts forecast that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Wedbush reaffirmed a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on Super Micro Computer from $1,150.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $911.85.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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 in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related 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 value of $419,585.00. Following the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on 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 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. Company 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.