Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 90.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,051 shares of the company’s stock after acquiring an additional 500 shares during the quarter. IMG Wealth Management Inc.’s holdings in Super Micro Computer were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SMCI. Wahed Invest LLC grew its holdings in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after buying an additional 352 shares in the last quarter. Shelton Capital Management grew its holdings in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after buying an additional 480 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock valued at $33,000 after buying an additional 762 shares in the last quarter. Griffith & Werner Inc. grew its holdings in shares of Super Micro Computer by 3.6% during the first quarter. Griffith & Werner Inc. now owns 23,786 shares of the company’s stock valued at $814,000 after buying an additional 820 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after buying an additional 825 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $40.89 on Tuesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The business has a 50-day moving average of $38.73 and a two-hundred day moving average of $37.37. The stock has a market capitalization of $24.40 billion, a P/E ratio of 21.51 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company 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 firm earned $0.66 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research analyst reports. Rosenblatt Securities lowered their price target on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Raymond James Financial started coverage on Super Micro Computer in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 target price on the stock. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Mizuho set a $40.00 target price on Super Micro Computer and gave the company a “neutral” rating in a research note on Monday, May 19th. Finally, Wedbush restated a “neutral” rating and issued a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $45.63.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business’s stock in a transaction dated 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 director now owns 66,903,640 shares of the company’s stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 88,599 shares of the company’s stock, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 667,000 shares of company stock valued at $29,949,340. Insiders own 17.60% of the company’s stock.

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.