Commerce Bank decreased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,090 shares of the company's stock after selling 125,663 shares during the period. Commerce Bank's holdings in Super Micro Computer were worth $7,570,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Super Micro Computer by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock valued at $854,000 after buying an additional 302 shares in the last quarter. Wahed Invest LLC boosted its stake in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Super Micro Computer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock valued at $5,567,000 after purchasing an additional 457 shares in the last quarter. Shelton Capital Management boosted its stake 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 purchasing an additional 480 shares in the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in shares of Super Micro Computer by 90.7% during the first quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Price Performance
Shares of SMCI opened at $56.64 on Friday. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.46. The business has a 50-day moving average of $47.62 and a 200-day moving average of $40.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.
Insiders Place Their Bets
In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the director owned 40,426,120 shares of the company's stock, valued at approximately $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the firm'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 directly owned 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,067,000 shares of company stock worth $53,949,340. 17.60% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Mizuho lifted their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. KGI Securities assumed coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating on the stock. Northland Securities set a $59.00 price target on Super Micro Computer in a research note on Wednesday, May 7th. Bank of America assumed coverage on Super Micro Computer in a research note on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target on the stock. Finally, Citigroup reissued a "neutral" rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.89.
Check Out Our Latest Stock Analysis on SMCI
About Super Micro Computer
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
