EverSource Wealth Advisors LLC Has $229,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

EverSource Wealth Advisors LLC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 805 shares of the company’s stock after buying an additional 19 shares during the period. EverSource Wealth Advisors LLC’s holdings in Super Micro Computer were worth $229,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Super Micro Computer by 7.4% during the third quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock worth $178,520,000 after buying an additional 44,678 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer during the third quarter worth about $140,751,000. FMR LLC grew its stake in shares of Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after purchasing an additional 295,835 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Super Micro Computer by 89.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after purchasing an additional 165,353 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SMCI shares. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. Northland Securities increased their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Finally, Wells Fargo & Company reduced their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $954.38.

Super Micro Computer Price Performance

Shares of SMCI traded up $36.50 during trading hours on Friday, reaching $883.88. 6,850,442 shares of the company’s stock traded hands, compared to its average volume of 6,226,230. The firm’s 50 day simple moving average is $892.19 and its 200-day simple moving average is $645.07. The stock has a market cap of $49.44 billion, a PE ratio of 49.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 12 month low of $192.50 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

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.