PFG Investments LLC Sells 6,368 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

PFG Investments LLC reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,655 shares of the company's stock after selling 6,368 shares during the quarter. PFG Investments LLC's holdings in Super Micro Computer were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its holdings in shares of Super Micro Computer by 914.7% during 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 bought a new position in Super Micro Computer during the fourth quarter valued at about $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. This 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 is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the 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 completion of the sale, the director now owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. Mizuho set a $40.00 price target on Super Micro Computer and gave the company a "neutral" rating in a research report on Monday, May 19th. Wedbush restated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday. KGI Securities initiated coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a "neutral" rating for the company. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Citigroup started coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded down $1.69 during trading on Friday, hitting $47.58. 53,677,127 shares of the stock were exchanged, compared to its average volume of 69,605,084. The company's fifty day simple moving average is $39.89 and its 200-day simple moving average is $37.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of 25.03 and a beta of 1.40. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 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 analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. Super Micro Computer's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.