First PREMIER Bank Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

First PREMIER Bank grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 126.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52 shares of the company’s stock after acquiring an additional 29 shares during the period. First PREMIER Bank’s holdings in Super Micro Computer were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Super Micro Computer during the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter valued at $33,000. Bank of New Hampshire acquired a new stake in Super Micro Computer in the first quarter valued at $35,000. VitalStone Financial LLC lifted its holdings in Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after buying an additional 25 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated 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 directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tally C. Liu sold 500 shares of the stock in a transaction on Thursday, May 30th. The shares were 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 in the company, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on SMCI shares. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a report on Wednesday, July 10th. KeyCorp began coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $1,150.00 to $950.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Finally, Wedbush restated a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $911.85.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $49.60 during trading on Thursday, hitting $626.69. 9,512,371 shares of the company were exchanged, compared to its average volume of 8,287,286. The firm’s fifty day moving average price is $770.99 and its 200 day moving average price is $837.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 0.56 and a beta of 1.27. Super Micro Computer, Inc. has a 1 year low of $226.59 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share 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 company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 142.9% compared to the same quarter last year. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 29.32 earnings per share for the current fiscal year.

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.