Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 51.9% in the 1st quarter, Holdings Channel reports. The firm owned 85,525 shares of the company’s stock after purchasing an additional 29,225 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Super Micro Computer were worth $2,928,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in Super Micro Computer in the 1st quarter valued at about $104,000. Assenagon Asset Management S.A. grew its holdings in shares of Super Micro Computer by 96.4% in the first quarter. Assenagon Asset Management S.A. now owns 163,777 shares of the company’s stock valued at $5,608,000 after purchasing an additional 80,371 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of Super Micro Computer in the first quarter valued at approximately $212,000. Handelsbanken Fonder AB boosted its holdings in Super Micro Computer by 1.2% in the first quarter. Handelsbanken Fonder AB now owns 211,942 shares of the company’s stock valued at $7,257,000 after purchasing an additional 2,511 shares in the last quarter. Finally, Nepsis Inc. boosted its holdings in shares of Super Micro Computer by 11.0% in the 1st quarter. Nepsis Inc. now owns 496,344 shares of the company’s stock valued at $16,995,000 after buying an additional 49,314 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Barclays reissued an “equal weight” rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 target price for the company. Finally, Raymond James assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.63.

Super Micro Computer Stock Down 0.5%

SMCI opened at $42.91 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The firm has a 50 day moving average price of $36.92 and a 200 day moving average price of $37.08. The company has a market cap of $25.61 billion, a PE ratio of 21.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, CFO David E. Weigand sold 67,000 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Company 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.