Praxis Investment Management Inc. Sells 7,160 Shares of Super Micro Computer, Inc. $SMCI

Key Points

• Praxis Investment Management Inc. reduced its holdings in Super Micro Computer by 37.4%, selling 7,160 shares and now owning 12,010 shares valued at $589,000.
• Insider transactions included the CFO selling 25,000 shares for approximately $1.13 million, representing a 19.97% decrease in their ownership.
• Super Micro Computer reported earnings of $0.41 per share for the last quarter, missing the consensus estimate of $0.44, with revenue of $5.76 billion.

Praxis Investment Management Inc. reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 37.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,010 shares of the company's stock after selling 7,160 shares during the quarter. Praxis Investment Management Inc.'s holdings in Super Micro Computer were worth $589,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SMCI. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock worth $2,205,322,000 after acquiring an additional 2,415,276 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $53,031,000. Analog Century Management LP acquired a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $32,284,000. American Century Companies Inc. boosted its holdings in shares of Super Micro Computer by 434.0% in the 1st quarter. American Century Companies Inc. now owns 859,821 shares of the company's stock valued at $29,440,000 after buying an additional 698,814 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Super Micro Computer by 1,946.1% in the 1st quarter. Woodline Partners LP now owns 618,768 shares of the company's stock valued at $21,187,000 after buying an additional 588,526 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Insider Transactions at Super Micro Computer

In other news, CFO David E. Weigand sold 25,000 shares of Super Micro Computer stock in a transaction on Monday, September 15th. The stock was sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares of the company's stock, valued at approximately $4,522,486.32. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of Super Micro Computer stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the director directly owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 490,000 shares of company stock worth $27,890,950 over the last ninety days. Corporate insiders own 16.30% of the company's stock.

Super Micro Computer Trading Down 3.1%

Shares of Super Micro Computer stock opened at $52.18 on Friday. The business has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $44.06. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $66.44. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 1.34 and a beta of 1.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.25 and a quick ratio of 3.25.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly 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). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same period in the prior year, the business earned $6.25 EPS. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. Research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on Super Micro Computer from $24.00 to $27.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Zacks Research raised Super Micro Computer to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. cut their price objective on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Mizuho increased their price objective on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, Barclays raised their price target on Super Micro Computer from $29.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.36.

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.

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