Rowlandmiller & PARTNERS.ADV Buys 29,225 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Rowlandmiller & PARTNERS.ADV lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 51.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,525 shares of the company’s stock after acquiring an additional 29,225 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Super Micro Computer were worth $2,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC bought a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $292,869,000. Invesco Ltd. grew its stake in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after acquiring an additional 6,810,082 shares during the period. Finally, Northern Trust Corp grew its position in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. Institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho set a $40.00 target price on shares of Super Micro Computer and gave the stock a “neutral” rating in a research report on Monday, May 19th. The Goldman Sachs Group lowered shares of 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 research report on Monday, March 24th. Wedbush restated a “neutral” rating and issued a $30.00 price objective (down from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, KGI Securities started coverage on Super Micro Computer in a research report on Wednesday, May 7th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $45.63.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $42.91 on Wednesday. The business has a 50 day simple moving average of $36.92 and a two-hundred day simple moving average of $37.08. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The stock has a market capitalization of $25.61 billion, a P/E ratio of 21.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 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 company earned $0.66 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

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