ProVise Management Group LLC Has $418,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

ProVise Management Group LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,470 shares of the company’s stock after buying an additional 60 shares during the quarter. ProVise Management Group LLC’s holdings in Super Micro Computer were worth $418,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SMCI. International Assets Investment Management LLC increased its position in shares of Super Micro Computer by 56,764.2% during the fourth 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 during the period. Northern Trust Corp increased its position 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 valued at $178,520,000 after purchasing an additional 44,678 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer during the third quarter valued at approximately $140,751,000. FMR LLC increased its position in shares of Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Super Micro Computer by 89.1% in the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after acquiring an additional 165,353 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. KeyCorp initiated coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Wells Fargo & Company lowered their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Northland Securities upped their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Bank of America upped their price target on 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Trading Up 4.3 %

Shares of SMCI traded up $36.50 during trading hours on Friday, hitting $883.88. 6,850,442 shares of the stock traded hands, compared to its average volume of 6,226,230. 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 1-year low of $192.50 and a 1-year high of $1,229.00. The firm has a market capitalization of $49.44 billion, a PE ratio of 49.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. The business has a fifty day moving average of $892.19 and a 200-day moving average of $647.80.

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, beating 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

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.