Avidian Wealth Enterprises LLC Sells 39,908 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Avidian Wealth Enterprises LLC lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 98.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760 shares of the company’s stock after selling 39,908 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Super Micro Computer were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SMCI. Clarity Capital Partners LLC lifted its holdings in shares of Super Micro Computer by 141.6% during the third quarter. Clarity Capital Partners LLC now owns 8,846 shares of the company’s stock valued at $3,683,000 after acquiring an additional 5,185 shares during the period. Arlington Capital Management Inc. lifted its holdings in Super Micro Computer by 238.9% during the 3rd quarter. Arlington Capital Management Inc. now owns 5,613 shares of the company’s stock valued at $2,337,000 after purchasing an additional 3,957 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Super Micro Computer in the third quarter valued at about $682,000. KG&L Capital Management LLC bought a new stake in Super Micro Computer during the third quarter worth about $1,249,000. Finally, TrueWealth Advisors LLC increased its holdings in shares of Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $25.48 on Friday. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 12.80 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90. The firm has a fifty day simple moving average of $42.72 and a 200 day simple moving average of $65.35. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. Research analysts forecast that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SMCI. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Barclays decreased their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Mizuho started coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Loop Capital decreased their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.89.

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.