IFM Investors Pty Ltd lowered its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 89.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,494 shares of the company's stock after selling 84,657 shares during the quarter. IFM Investors Pty Ltd's holdings in Super Micro Computer were worth $359,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC bought a new stake in Super Micro Computer during the 4th quarter worth approximately $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its stake in 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 worth $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 firms recently issued reports on SMCI. Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Raymond James Financial began coverage on Super Micro Computer in a research note on Wednesday, June 25th. They set an "outperform" rating for the company. Mizuho increased their target price on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $46.06.
View Our Latest Stock Analysis on Super Micro Computer
Insider Transactions at Super Micro Computer
In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction on 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 sale, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of Super Micro Computer stock in a transaction on 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 sale, the chief executive officer directly 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 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 currently owned by corporate insiders.
Super Micro Computer Trading Up 4.2%
Shares of Super Micro Computer stock opened at $49.11 on Wednesday. The business has a fifty day simple moving average of $41.88 and a two-hundred day simple moving average of $38.26. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $96.33. The company has a market capitalization of $29.31 billion, a price-to-earnings ratio of 25.83 and a beta of 1.43. 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 (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, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm posted $0.66 EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. Research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Super Micro Computer Profile
(
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.
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