HighPoint Advisor Group LLC Purchases New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

HighPoint Advisor Group LLC acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,434 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors also recently modified their holdings of the company. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer during the 4th quarter worth about $30,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at about $33,000. Allworth Financial LP increased its stake in Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 28 shares during the period. Finally, Cypress Capital Management LLC WY acquired a new position in Super Micro Computer in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective on the stock. Loop Capital boosted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company cut their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Stock Up 3.7 %

NASDAQ:SMCI opened at $920.01 on Wednesday. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 51.57, a P/E/G ratio of 0.80 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The stock’s fifty day moving average price is $837.98 and its two-hundred day moving average price is $715.00. Super Micro Computer, Inc. has a 52-week low of $213.08 and a 52-week high of $1,229.00.

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

Insider Buying and Selling

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $419,585.00. Following the sale, the director now owns 27,813 shares in the company, 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 valued at $1,116,736 over the last ninety days. Insiders own 17.60% of the company’s stock.

Super Micro Computer Company 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.