Delap Wealth Advisory LLC Acquires New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Delap Wealth Advisory LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 199 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Super Micro Computer by 15.7% during the third quarter. American Century Companies Inc. now owns 25,191 shares of the company’s stock valued at $6,908,000 after acquiring an additional 3,419 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Super Micro Computer by 5.8% during the fourth quarter. Nordea Investment Management AB now owns 3,422 shares of the company’s stock valued at $973,000 after purchasing an additional 187 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $208,000. SG Americas Securities LLC boosted its position in shares of Super Micro Computer by 6.6% during the fourth quarter. SG Americas Securities LLC now owns 7,670 shares of the company’s stock valued at $2,180,000 after buying an additional 476 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in Super Micro Computer in the 4th quarter worth about $558,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

NASDAQ SMCI traded up $24.91 during trading on Friday, hitting $720.52. 3,078,077 shares of the stock traded hands, compared to its average volume of 8,286,785. The company has a market capitalization of $40.30 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. Super Micro Computer, Inc. has a 12-month low of $226.59 and a 12-month high of $1,229.00. The firm has a 50-day simple moving average of $841.08 and a 200-day simple moving average of $813.93. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Loop Capital raised their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. KeyCorp began coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a report on Wednesday, July 10th. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. Finally, StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $999.92.

Insider Buying and Selling

In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock worth $1,116,736 over the last three months. 17.60% of the stock is owned by insiders.

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.