Corebridge Financial Inc. Sells 6,557 Shares of Super Micro Computer, Inc. $SMCI

Key Points

• Corebridge Financial Inc. reduced its stake in Super Micro Computer by 4.3%, holding 147,679 shares worth $5.06 million after selling 6,557 shares in the first quarter.
• Super Micro Computer reported earnings of $0.41 per share, missing estimates of $0.44, while revenues reached $5.76 billion, below the predicted $5.88 billion.
• CEO Charles Liang sold 200,000 shares for $12 million, which equated to a 0.49% decrease in his ownership, amid notable insider sales totaling $52.76 million in the past 90 days.

Corebridge Financial Inc. decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,679 shares of the company's stock after selling 6,557 shares during the period. Corebridge Financial Inc.'s holdings in Super Micro Computer were worth $5,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. Dimensional Fund Advisors LP bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $8,991,000. Integrated Wealth Concepts LLC boosted its position in shares of Super Micro Computer by 1,185.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,820 shares of the company's stock valued at $482,000 after purchasing an additional 14,589 shares in the last quarter. Quarry LP bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $34,000. The Manufacturers Life Insurance Company boosted its position in shares of Super Micro Computer by 893.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 303,484 shares of the company's stock valued at $9,250,000 after purchasing an additional 272,942 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SMCI shares. Barclays upped their price target on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Rosenblatt Securities dropped their price target on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price target on Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating on the stock. Finally, The Goldman Sachs Group upped their price target on Super Micro Computer from $24.00 to $27.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $45.31.

Super Micro Computer Stock Down 5.5%

Shares of Super Micro Computer stock traded down $2.43 on Friday, hitting $41.54. The company had a trading volume of 36,727,979 shares, compared to its average volume of 33,210,516. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.04 and a beta of 1.56. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44. The stock has a 50 day moving average of $48.99 and a 200-day moving average of $42.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.25 and a current ratio of 5.25.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $5.76 billion during the quarter, compared to analysts' expectations of $5.88 billion. Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%.The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $6.25 earnings per share. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 40,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $43.88, for a total value of $1,755,200.00. Following the completion of the sale, the senior vice president directly owned 21,820 shares of the company's stock, valued at $957,461.60. This represents a 64.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 1,040,000 shares of company stock valued at $52,755,200 over the last ninety days. 16.30% of the stock is currently owned by insiders.

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.