Centaurus Financial Inc. Reduces Stock Position in Super Micro Computer, Inc. $SMCI

Centaurus Financial Inc. trimmed its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 81.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,487 shares of the company’s stock after selling 24,900 shares during the quarter. Centaurus Financial Inc.’s holdings in Super Micro Computer were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SMCI. Flagship Harbor Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter worth about $25,000. Elyxium Wealth LLC purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $26,000. Arax Advisory Partners purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $28,000. SHP Wealth Management bought a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $29,000. Finally, Concord Wealth Partners lifted its stake in shares of Super Micro Computer by 2,564.1% in the 4th quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 0.8%

Shares of NASDAQ SMCI opened at $28.64 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.34 and a beta of 1.95. The stock has a 50 day moving average price of $32.07 and a 200 day moving average price of $30.45. Super Micro Computer, Inc. has a 52-week low of $19.48 and a 52-week high of $59.40.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.Super Micro Computer’s revenue was up 122.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Sell-side analysts expect that Super Micro Computer, Inc. will post 2.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent research reports. Raymond James Financial dropped their target price on Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. CJS Securities upgraded Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on shares of Super Micro Computer from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.21.

About Super Micro Computer

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.