GMT Capital Corp Sells 54,200 Shares of Super Micro Computer, Inc. $SMCI

Key Points

• GMT Capital Corp has reduced its holdings in Super Micro Computer, Inc. by 36.9%, now owning 92,700 shares valued at approximately $3.17 million after selling 54,200 shares.
• Multiple investors, including Eastern Bank and IMG Wealth Management, have initiated new positions in SMCI during the 1st quarter, indicating growing interest among institutional investors.
• Super Micro Computer reported Q1 EPS of $0.41, missing analyst estimates, with quarterly revenue of $5.76 billion, which was below expectations of $5.88 billion.

GMT Capital Corp lowered its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 36.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,700 shares of the company's stock after selling 54,200 shares during the quarter. GMT Capital Corp's holdings in Super Micro Computer were worth $3,174,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $29,000. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $33,000. Quarry LP acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $34,000. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $34,000. Finally, IMG Wealth Management Inc. increased its position in shares of Super Micro Computer by 90.7% during the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the senior vice president directly owned 21,820 shares of the company's stock, valued at approximately $957,461.60. The trade was a 64.70% decrease in their position. 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 in the last 90 days. Corporate insiders own 16.30% of the company's stock.

Super Micro Computer Price Performance

NASDAQ SMCI traded down $2.43 during midday trading 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 company has a market capitalization of $24.69 billion, a PE ratio of 25.02, a P/E/G ratio of 1.04 and a beta of 1.56. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $48.99 and a 200-day moving average price of $42.81. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SMCI shares. Bank of America assumed coverage on Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price target on the stock. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Needham & Company LLC lifted their target price on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wedbush reiterated a "neutral" rating and set a $30.00 target price on shares of Super Micro Computer in a research note on Monday, August 4th. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $45.31.

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.