Independent Solutions Wealth Management LLC Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Independent Solutions Wealth Management LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 11.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,437 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Super Micro Computer were worth $323,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after purchasing an additional 762 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Super Micro Computer in the fourth quarter worth about $33,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Super Micro Computer by 763.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,114 shares of the company’s stock worth $34,000 after purchasing an additional 985 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the chief executive officer now owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

SMCI opened at $46.61 on Thursday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $27.82 billion, a P/E ratio of 24.52 and a beta of 1.40. The firm’s 50-day moving average price is $39.21 and its 200-day moving average price is $37.47.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data 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 net margin of 5.61% and a return on equity of 20.41%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMCI. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating on the stock. Citigroup started coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price objective for the company. Raymond James Financial started coverage on shares of Super Micro Computer in a research note on Wednesday. They issued an “outperform” rating for the company. Wedbush reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Wednesday. Finally, The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.63.

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.