Washburn Capital Management Inc. Boosts Stake in Super Micro Computer, Inc. $SMCI

Washburn Capital Management Inc. raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 122.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,942 shares of the company’s stock after purchasing an additional 17,049 shares during the quarter. Super Micro Computer accounts for approximately 0.8% of Washburn Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Washburn Capital Management Inc.’s holdings in Super Micro Computer were worth $1,516,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC acquired a new stake in Super Micro Computer in the second quarter valued at approximately $310,000. Bank Hapoalim BM acquired a new stake in shares of Super Micro Computer during the second quarter worth $748,000. Fiduciary Planning LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth $255,000. AlphaQuest LLC lifted its stake in shares of Super Micro Computer by 352.4% during the first quarter. AlphaQuest LLC now owns 4,927 shares of the company’s stock worth $169,000 after buying an additional 3,838 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Super Micro Computer by 4.7% during the second quarter. Public Employees Retirement System of Ohio now owns 161,091 shares of the company’s stock worth $7,895,000 after buying an additional 7,171 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SMCI has been the subject of several research reports. Barclays lifted their price objective on shares of Super Micro Computer from $29.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They set an “underperform” rating and a $35.00 price objective for the company. Citigroup reiterated a “neutral” rating and set a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Finally, Northland Securities boosted their target price on shares of Super Micro Computer from $59.00 to $67.00 in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $47.57.

Super Micro Computer Stock Down 2.3%

SMCI opened at $50.75 on Tuesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $66.44. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.25 and a current ratio of 5.25. The company has a fifty day moving average of $48.39 and a two-hundred day moving average of $45.73. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.30 and a beta of 1.55.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the previous year, the firm posted $6.25 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 25,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares of the company’s stock, valued at $4,522,486.32. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 40,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $43.88, for a total transaction of $1,755,200.00. Following the sale, the senior vice president directly owned 21,820 shares of the company’s stock, valued at $957,461.60. This represents a 64.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,000 shares of company stock valued at $3,890,950 in the last three months. Corporate insiders own 16.30% 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.