EP Wealth Advisors LLC Purchases New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

EP Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,897 shares of the company’s stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares during the period. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the fourth quarter valued at about $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 16.0%

Shares of Super Micro Computer stock opened at $38.89 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The business has a fifty day simple moving average of $35.30 and a 200 day simple moving average of $35.02. The stock has a market cap of $23.21 billion, a PE ratio of 19.52 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SMCI shares. Barclays restated an “equal weight” rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Raymond James started coverage on Super Micro Computer in a research note on Tuesday. They issued an “outperform” rating and a $41.00 target price on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.25.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate 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.