Valmark Advisers Inc. Sells 55 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Valmark Advisers Inc. lowered its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,098 shares of the company’s stock after selling 55 shares during the period. Valmark Advisers Inc.’s holdings in Super Micro Computer were worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Truist Financial Corp acquired a new position in Super Micro Computer during the 4th quarter valued at about $739,000. Atria Wealth Solutions Inc. acquired a new position in Super Micro Computer during the 4th quarter valued at about $333,000. Yousif Capital Management LLC boosted its stake in Super Micro Computer by 4.0% during the 4th quarter. Yousif Capital Management LLC now owns 22,035 shares of the company’s stock valued at $6,264,000 after purchasing an additional 842 shares during the last quarter. South Dakota Investment Council boosted its stake in Super Micro Computer by 158.1% during the 4th quarter. South Dakota Investment Council now owns 17,163 shares of the company’s stock valued at $4,879,000 after purchasing an additional 10,512 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Super Micro Computer during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,989 shares of company stock worth $30,113,681. Company insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Barclays boosted their target price on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Loop Capital boosted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. Finally, Wedbush restated a “neutral” rating and issued a $530.00 target price on shares of Super Micro Computer in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $949.85.

Super Micro Computer Trading Up 8.9 %

NASDAQ SMCI traded up $70.04 during trading on Friday, hitting $857.44. 7,068,025 shares of the company’s stock traded hands, compared to its average volume of 5,787,591. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The stock has a fifty day moving average of $948.90 and a two-hundred day moving average of $564.93. The firm has a market cap of $47.96 billion, a P/E ratio of 66.94, a PEG ratio of 0.70 and a beta of 1.28. Super Micro Computer, Inc. has a 12-month low of $93.34 and a 12-month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 earnings per share. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 20.24 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.