Achmea Investment Management B.V. Has $314,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

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

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

Analysts Set New Price Targets

A number of analysts recently commented on SMCI shares. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Raymond James Financial started coverage on Super Micro Computer in a research note on Wednesday, June 25th. They issued an "outperform" rating for the company. Wedbush restated a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities dropped 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 report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $46.06.

Insider Activity

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the sale, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded down $0.24 during midday trading on Thursday, hitting $48.51. 18,665,575 shares of the company's stock were exchanged, compared to its average volume of 69,097,024. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $96.33. The company's 50 day moving average price is $40.93 and its 200 day moving average price is $37.78. 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 firm has a market capitalization of $28.95 billion, a PE ratio of 25.52 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal 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.