New Age Alpha Advisors LLC Sells 33,200 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

New Age Alpha Advisors LLC cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 34.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,157 shares of the company's stock after selling 33,200 shares during the quarter. New Age Alpha Advisors LLC's holdings in Super Micro Computer were worth $2,162,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. FMR LLC bought a new stake in Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. lifted its position in shares of Super Micro Computer by 929.5% in 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 in the last quarter. Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. Marshall Wace LLP boosted its stake in Super Micro Computer by 416,945.0% during the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after buying an additional 3,752,505 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Super Micro Computer by 649.5% during the 4th quarter. Legal & General Group Plc now owns 3,739,323 shares of the company's stock valued at $113,975,000 after buying an additional 3,240,401 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 18.3%

NASDAQ SMCI opened at $46.79 on Thursday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $66.44. The company's 50-day moving average price is $48.40 and its 200-day moving average price is $41.32. The stock has a market cap of $27.93 billion, a PE ratio of 28.19, a PEG ratio of 2.79 and a beta of 1.46. 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 issued its earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.24% and a net margin of 4.77%. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the prior year, the company earned $6.25 earnings per share. Super Micro Computer's revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 200,000 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the sale, the chief executive officer owned 40,426,120 shares in the company, valued at $2,425,567,200. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of Super Micro Computer stock in a transaction on Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the transaction, the director owned 40,426,120 shares in the company, valued at $2,425,567,200. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,067,000 shares of company stock worth $53,949,340. 17.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Mizuho upped their price objective on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Needham & Company LLC boosted their target price on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup restated a "neutral" rating and set a $52.00 target price (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Finally, Rosenblatt Securities reduced their price objective 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. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $43.96.

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.

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