Peterson Wealth Services Purchases Shares of 704 Super Micro Computer, Inc. (NASDAQ:SMCI)

Peterson Wealth Services purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 704 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new position in shares of Super Micro Computer in the 3rd quarter worth about $25,000. Allworth Financial LP bought a new stake in Super Micro Computer during the 3rd quarter valued at about $27,000. Optimum Investment Advisors bought a new stake in Super Micro Computer during the 4th quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer during the 4th quarter valued at about $30,000. Finally, First Horizon Advisors Inc. bought a new stake in Super Micro Computer during the 3rd quarter valued at about $39,000. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SMCI has been the subject of a number of analyst reports. Rosenblatt Securities raised their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wedbush raised their price objective on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $949.85.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $928.48 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market cap of $51.93 billion, a PE ratio of 72.48, a PEG ratio of 0.85 and a beta of 1.28. The firm’s 50-day moving average price is $956.91 and its 200-day moving average price is $544.90. Super Micro Computer, Inc. has a 52-week low of $93.19 and a 52-week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm’s revenue was up 103.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.09 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 over the last 90 days. 17.60% of the stock is currently owned by corporate 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.