KG&L Capital Management LLC lessened its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 40.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,382 shares of the company's stock after selling 10,359 shares during the quarter. KG&L Capital Management LLC's holdings in Super Micro Computer were worth $527,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $292,869,000. Invesco Ltd. boosted its stake in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Super Micro Computer by 1,573.8% in 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 during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.
Analyst Ratings Changes
SMCI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Barclays reiterated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Raymond James Financial started coverage on shares of Super Micro Computer in a research note on Wednesday. They issued an "outperform" rating for the company. Finally, KGI Securities started coverage on shares of Super Micro Computer in a research report on Wednesday, May 7th. They set a "neutral" rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $45.63.
Get Our Latest Report on Super Micro Computer
Insider Buying and Selling
In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang 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 sale, the chief executive officer now owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 667,000 shares of company stock worth $29,949,340. 17.60% of the stock is owned by company insiders.
Super Micro Computer Price Performance
NASDAQ:SMCI opened at $46.61 on Thursday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $96.33. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 24.52 and a beta of 1.40. The company's 50-day moving average is $39.21 and its two-hundred day moving average is $37.47. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Research analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
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.
Further Reading
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