Perigon Wealth Management LLC cut its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 34.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,892 shares of the company's stock after selling 18,579 shares during the quarter. Perigon Wealth Management LLC's holdings in Super Micro Computer were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of SMCI. Vanguard Group Inc. lifted its stake in Super Micro Computer by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock worth $2,205,322,000 after purchasing an additional 2,415,276 shares in the last quarter. Nuveen LLC bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $53,031,000. Analog Century Management LP bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $32,284,000. American Century Companies Inc. boosted its position in shares of Super Micro Computer by 434.0% during the 1st quarter. American Century Companies Inc. now owns 859,821 shares of the company's stock valued at $29,440,000 after acquiring an additional 698,814 shares during the last quarter. Finally, Woodline Partners LP boosted its position in shares of Super Micro Computer by 1,946.1% during the 1st quarter. Woodline Partners LP now owns 618,768 shares of the company's stock valued at $21,187,000 after acquiring an additional 588,526 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Super Micro Computer news, SVP George Kao sold 40,000 shares of the business's stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 200,000 shares of the company's 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 transaction, the chief executive officer directly owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 490,000 shares of company stock valued at $27,890,950. 16.30% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SMCI. The Goldman Sachs Group lifted their price target on Super Micro Computer from $24.00 to $27.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Zacks Research upgraded Super Micro Computer to a "hold" rating in a research report on Monday, August 11th. Wedbush reiterated a "neutral" rating and set a $30.00 price target on shares of Super Micro Computer in a research report on Monday, August 4th. Raymond James Financial began coverage on Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating for the company. Finally, Mizuho lifted their price target on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $45.36.
Check Out Our Latest Analysis on SMCI
Super Micro Computer Stock Performance
Shares of NASDAQ SMCI opened at $45.82 on Friday. The stock has a market cap of $27.23 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.14 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. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $66.44. The stock's 50-day moving average is $47.04 and its 200 day moving average is $42.57.
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 analysts' consensus estimates of $0.44 by ($0.03). The firm had revenue of $5.76 billion for 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%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.25 earnings per share. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal 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.
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