Diligent Investors LLC Buys Shares of 13,100 Super Micro Computer, Inc. (NASDAQ:SMCI)

Diligent Investors LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel reports. The firm purchased 13,100 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the fourth quarter valued at approximately $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Down 1.2 %

SMCI opened at $32.55 on Thursday. The stock has a fifty day moving average of $35.59 and a 200-day moving average of $35.44. The company has a market capitalization of $19.43 billion, a P/E ratio of 16.34 and a beta of 1.36. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. 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 issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the previous year, the company earned $0.66 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last 90 days. Company insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SMCI. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.53.

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.