Beacon Harbor Wealth Advisors Inc. Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Beacon Harbor Wealth Advisors Inc. increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,923 shares of the company’s stock after buying an additional 355 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Super Micro Computer were worth $4,811,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SMCI. Allworth Financial LP purchased a new stake in Super Micro Computer during the 3rd quarter valued at $27,000. Optimum Investment Advisors purchased a new stake in Super Micro Computer in the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Super Micro Computer in the fourth quarter worth $30,000. Cypress Capital Management LLC WY purchased a new stake in Super Micro Computer in the fourth quarter worth $36,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Super Micro Computer during the third quarter valued at $39,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 34,252 shares of company stock worth $29,950,223 in the last quarter. 17.60% of the stock is owned by company insiders.

Super Micro Computer Trading Down 0.4 %

Shares of SMCI stock traded down $2.60 on Thursday, hitting $735.70. The stock had a trading volume of 4,898,057 shares, compared to its average volume of 9,675,805. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The firm has a market capitalization of $41.15 billion, a P/E ratio of 40.60, a P/E/G ratio of 0.77 and a beta of 1.34. Super Micro Computer, Inc. has a 1 year low of $114.32 and a 1 year high of $1,229.00. The company’s 50 day moving average price is $952.15 and its 200-day moving average price is $577.91.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 43.62% and a net margin of 8.88%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $3.09 EPS. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. Analysts anticipate that Super Micro Computer, Inc. will post 19.87 earnings per share for the current year.

Analyst Ratings Changes

SMCI has been the topic of several research reports. Northland Securities raised their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. KeyCorp initiated coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating on the stock. Wells Fargo & Company cut their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $954.38.

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.