EP Wealth Advisors LLC Makes New $241,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

EP Wealth Advisors LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, HoldingsChannel reports. The firm purchased 7,897 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank grew its position in shares of Super Micro Computer by 963.7% in the fourth quarter. Czech National Bank now owns 109,175 shares of the company’s stock valued at $3,328,000 after purchasing an additional 98,911 shares during the last quarter. Brookstone Capital Management grew its position in shares of Super Micro Computer by 930.2% in the fourth quarter. Brookstone Capital Management now owns 6,995 shares of the company’s stock valued at $213,000 after purchasing an additional 6,316 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Oak Thistle LLC acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $277,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $2,542,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $38.89 on Wednesday. The company has a market cap of $23.21 billion, a PE ratio of 19.52 and a beta of 1.36. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $35.30 and a 200-day moving average price of $35.02. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40.

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

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $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. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Company insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

SMCI has been the topic of several research reports. Barclays reaffirmed an “equal weight” rating and issued a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. KGI Securities began coverage on Super Micro Computer in a research report on Wednesday, May 7th. They set a “neutral” rating on the stock. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James began coverage on Super Micro Computer in a research report on Tuesday. They set an “outperform” rating and a $41.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.25.

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.