Everhart Financial Group Inc. Purchases 30 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Everhart Financial Group Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 1,143 shares of the company’s stock after acquiring an additional 30 shares during the period. Everhart Financial Group Inc.’s holdings in Super Micro Computer were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. Acadian Asset Management LLC purchased a new stake in Super Micro Computer in the 1st quarter worth $98,000. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Super Micro Computer during the first quarter worth about $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Super Micro Computer by 168.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after purchasing an additional 36,795 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Super Micro Computer by 1,516.8% in the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after purchasing an additional 51,906 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Up 1.4 %

NASDAQ SMCI traded up $8.42 on Friday, hitting $613.24. 5,310,055 shares of the stock were exchanged, compared to its average volume of 8,216,800. 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, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The firm has a market capitalization of $34.30 billion, a P/E ratio of 34.37, a P/E/G ratio of 0.71 and a beta of 1.27. The stock has a fifty day moving average price of $753.44 and a two-hundred day moving average price of $840.27.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the business posted $3.43 EPS. Super Micro Computer’s revenue was up 142.9% compared to the same quarter last year. Research analysts forecast that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMCI. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Susquehanna raised their price objective on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a report on Wednesday, July 10th. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their price target for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $911.85.

Insider Buying and Selling at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

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.