JFS Wealth Advisors LLC Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

JFS Wealth Advisors LLC raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2,076.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,830 shares of the company’s stock after buying an additional 2,700 shares during the period. JFS Wealth Advisors LLC’s holdings in Super Micro Computer were worth $97,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Wahed Invest LLC grew its stake 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 worth $377,000 after purchasing an additional 352 shares in the last quarter. Shelton Capital Management lifted its holdings in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock worth $240,000 after buying an additional 480 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after acquiring an additional 762 shares in the last quarter. Griffith & Werner Inc. increased its holdings in shares of Super Micro Computer by 3.6% in the 1st quarter. Griffith & Werner Inc. now owns 23,786 shares of the company’s stock valued at $814,000 after acquiring an additional 820 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $42.84 on Wednesday. The company has a market capitalization of $25.57 billion, a price-to-earnings ratio of 22.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The firm has a 50-day simple moving average of $38.92 and a 200-day simple moving average of $37.41. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent analyst reports. Mizuho set a $40.00 target price on Super Micro Computer and gave the stock a “neutral” rating in a research note on Monday, May 19th. Raymond James Financial started coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 target price for the company. 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 report on Wednesday, May 7th. Wall Street Zen upgraded shares of Super Micro Computer to a “sell” rating in a research note on Thursday, May 8th. Finally, KGI Securities assumed coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.63.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 300,000 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer now directly owns 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is owned by insiders.

About Super Micro Computer

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.