Sigma Planning Corp Has $934,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sigma Planning Corp lessened its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 43.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,287 shares of the company’s stock after selling 2,490 shares during the quarter. Sigma Planning Corp’s holdings in Super Micro Computer were worth $934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in Super Micro Computer during the 3rd quarter valued at approximately $27,000. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $30,000. First Horizon Advisors Inc. acquired a new stake in Super Micro Computer during the 3rd quarter valued at approximately $39,000. Finally, UMB Bank n.a. increased its position in Super Micro Computer by 216.3% during the 4th quarter. UMB Bank n.a. now owns 155 shares of the company’s stock valued at $44,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares in the company, valued at approximately $1,292,135.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,989 shares of company stock worth $30,113,681. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SMCI shares. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wedbush increased their price target on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Wells Fargo & Company began coverage on Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target on the stock. Finally, Susquehanna increased their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Price Performance

Shares of SMCI opened at $761.86 on Wednesday. Super Micro Computer, Inc. has a 12-month low of $93.19 and a 12-month high of $1,229.00. The business’s fifty day moving average is $954.67 and its 200 day moving average is $558.04. 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 stock has a market cap of $42.61 billion, a P/E ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results 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. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business earned $3.09 EPS. Super Micro Computer’s quarterly revenue was up 103.0% compared to the same quarter last year. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

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.