Objective Capital Management LLC Invests $241,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Objective Capital Management LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 239 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer in the fourth quarter valued at $30,000. FinTrust Capital Advisors LLC bought a new stake in Super Micro Computer in the 4th quarter valued at about $33,000. Bank of New Hampshire bought a new stake in Super Micro Computer in the 1st quarter valued at about $35,000. VitalStone Financial LLC raised its stake 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 period. Finally, Allworth Financial LP boosted its holdings in Super Micro Computer by 28.6% in the fourth 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. Institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction dated 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 in the company, valued at $23,339,835.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was 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 in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $47.59 during mid-day trading on Friday, reaching $624.65. 7,714,661 shares of the company’s stock were exchanged, compared to its average volume of 5,835,374. The business’s fifty day simple moving average is $816.67 and its 200 day simple moving average is $828.14. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The firm has a market capitalization of $34.94 billion, a PE ratio of 35.01, a P/E/G ratio of 0.42 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research reports. Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price for the company. in a research report on Wednesday, July 10th. Loop Capital raised their price target 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, StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $999.92.

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.