Wellington Shields Capital Management LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Shields Capital Management LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 190 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New Hampshire bought a new position in Super Micro Computer during the first quarter worth about $35,000. Versant Capital Management Inc boosted its position in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares during the period. Silicon Valley Capital Partners bought a new position in Super Micro Computer during the first quarter worth about $51,000. Retirement Group LLC boosted its position in shares of Super Micro Computer by 75.0% in the first quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after acquiring an additional 24 shares during the period. Finally, JTC Employer Solutions Trustee Ltd bought a new position in shares of Super Micro Computer in the first quarter valued at approximately $61,000. Institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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 transaction, the director now directly 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 can be accessed through this link. In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer 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 in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on 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 owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 over the last three months. 17.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Loop Capital raised their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, KeyCorp began coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $994.15.

Super Micro Computer Price Performance

Shares of SMCI stock traded up $9.72 during trading hours on Wednesday, hitting $905.33. 3,766,597 shares of the company’s stock were exchanged, compared to its average volume of 8,501,949. The company has a market capitalization of $50.64 billion, a PE ratio of 49.60, a PEG ratio of 0.57 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 business’s 50 day simple moving average is $840.10 and its 200-day simple moving average is $776.25. 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 (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current 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.