Invesco Ltd. Trims Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Invesco Ltd. cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,565,806 shares of the company's stock after selling 976,936 shares during the quarter. Invesco Ltd. owned approximately 1.10% of Super Micro Computer worth $224,813,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $1,031,000. Envestnet Asset Management Inc. purchased a new position in shares of Super Micro Computer in the 4th quarter worth $1,624,000. Russell Investments Group Ltd. increased its holdings in shares of Super Micro Computer by 1,144.3% in the 4th quarter. Russell Investments Group Ltd. now owns 132,688 shares of the company's stock worth $4,044,000 after buying an additional 122,024 shares during the last quarter. Cerity Partners LLC increased its stake in Super Micro Computer by 495.0% during the fourth quarter. Cerity Partners LLC now owns 16,106 shares of the company's stock worth $491,000 after acquiring an additional 13,399 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Super Micro Computer by 1,014.7% during the fourth quarter. Bessemer Group Inc. now owns 2,118 shares of the company's stock valued at $65,000 after purchasing an additional 1,928 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,067,000 shares of company stock worth $53,949,340 in the last 90 days. 16.30% of the stock is owned by corporate insiders.

Super Micro Computer Stock Down 1.3%

SMCI stock traded down $0.58 during trading on Thursday, hitting $45.49. 22,840,665 shares of the company's stock traded hands, compared to its average volume of 43,762,760. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44. The business has a fifty day simple moving average of $48.88 and a two-hundred day simple moving average of $41.89. The firm has a market capitalization of $27.15 billion, a P/E ratio of 27.40, a PEG ratio of 1.15 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.74.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.41 earnings per share (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 net margin of 4.77% and a return on equity of 17.14%. Super Micro Computer's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $6.25 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SMCI. Wedbush reiterated a "neutral" rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Monday, August 4th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Barclays increased their target price on shares of Super Micro Computer from $29.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. KGI Securities initiated coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Finally, Raymond James Financial initiated coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They issued an "outperform" rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average price target of $44.75.

Super Micro Computer Profile

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.