Achmea Investment Management B.V. Sells 5,793 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Achmea Investment Management B.V. cut its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,177 shares of the company's stock after selling 5,793 shares during the quarter. Achmea Investment Management B.V.'s holdings in Super Micro Computer were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wahed Invest LLC boosted its stake in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after buying an additional 352 shares during the last quarter. Shelton Capital Management increased its position in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after acquiring an additional 480 shares during the last quarter. IMG Wealth Management Inc. lifted its holdings in Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after acquiring an additional 500 shares during the period. AlphaQuest LLC boosted its position in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares during the last quarter. Finally, Griffith & Werner Inc. grew its stake in Super Micro Computer by 3.6% in the 1st quarter. Griffith & Werner Inc. now owns 23,786 shares of the company's stock valued at $814,000 after purchasing an additional 820 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Down 3.4%

Shares of NASDAQ SMCI opened at $47.58 on Monday. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The company has a market cap of $28.40 billion, a P/E ratio of 25.03 and a beta of 1.40. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $96.33. The business has a 50-day simple moving average of $39.89 and a two-hundred day simple moving average of $37.55.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. Research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the chief executive officer now owns 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating on the stock. Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Needham & Company LLC restated a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.63.

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.

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