Silver Oak Securities Incorporated Invests $461,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Silver Oak Securities Incorporated purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel reports. The firm purchased 1,623 shares of the company’s stock, valued at approximately $461,000.

Several other hedge funds have also recently modified their holdings of SMCI. Asset Management One Co. Ltd. raised its stake in shares of Super Micro Computer by 1,104.3% in the third quarter. Asset Management One Co. Ltd. now owns 18,377 shares of the company’s stock worth $5,039,000 after purchasing an additional 16,851 shares during the last quarter. Handelsbanken Fonder AB increased its position in Super Micro Computer by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 9,900 shares of the company’s stock valued at $2,715,000 after acquiring an additional 800 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Super Micro Computer by 122.2% during the third quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company’s stock valued at $2,589,000 after acquiring an additional 5,192 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Super Micro Computer during the third quarter valued at $3,154,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Super Micro Computer by 61.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company’s stock valued at $3,529,000 after acquiring an additional 4,915 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the firm’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 owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. Insiders sold 34,027 shares of company stock valued at $29,655,672 in the last 90 days. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 3.5 %

Shares of SMCI opened at $858.80 on Wednesday. The firm has a market cap of $48.03 billion, a P/E ratio of 67.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. Super Micro Computer, Inc. has a 1 year low of $101.71 and a 1 year high of $1,229.00. The company has a 50 day simple moving average of $952.07 and a two-hundred day simple moving average of $576.78.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period last year, the company posted $3.09 earnings per share. On average, equities analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SMCI. JPMorgan Chase & Co. began coverage on Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. KeyCorp began coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating for the company. Loop Capital upped their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $949.85.

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.