Valmark Advisers Inc. Decreases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Valmark Advisers Inc. lessened its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,098 shares of the company’s stock after selling 55 shares during the period. Valmark Advisers Inc.’s holdings in Super Micro Computer were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Truist Financial Corp purchased a new position in shares of Super Micro Computer during the fourth quarter worth $739,000. Atria Wealth Solutions Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter worth $333,000. Yousif Capital Management LLC raised its holdings in shares of Super Micro Computer by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 22,035 shares of the company’s stock worth $6,264,000 after purchasing an additional 842 shares during the last quarter. South Dakota Investment Council raised its holdings in shares of Super Micro Computer by 158.1% during the fourth quarter. South Dakota Investment Council now owns 17,163 shares of the company’s stock worth $4,879,000 after purchasing an additional 10,512 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Super Micro Computer during the fourth quarter worth $56,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI traded up $70.04 on Friday, reaching $857.44. 7,068,025 shares of the company’s stock were exchanged, compared to its average volume of 5,787,591. The stock has a market cap of $47.96 billion, a PE ratio of 66.94, a P/E/G ratio of 0.70 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $93.34 and a twelve month high of $1,229.00. The stock’s fifty day moving average price is $948.90 and its 200-day moving average price is $564.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.09 earnings per share. Sell-side analysts expect that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target on the stock. Bank of America raised their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Loop Capital raised their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $949.85.

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the transaction, the director now owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 over the last ninety days. Company insiders own 17.60% of the company’s stock.

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.