Sumitomo Mitsui Trust Group Inc. Sells 11,508 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,305,510 shares of the company's stock after selling 11,508 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Super Micro Computer worth $44,701,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC grew its holdings in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares during the period. AlphaQuest LLC raised its position in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Super Micro Computer in the 4th quarter valued at about $33,000. Finally, Lindbrook Capital LLC lifted its holdings in Super Micro Computer by 763.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,114 shares of the company's stock valued at $34,000 after acquiring an additional 985 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Raymond James Financial started coverage on shares of Super Micro Computer in a research note on Wednesday, June 25th. They issued an "outperform" rating on the stock. Wedbush restated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Mizuho increased their price objective on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and a consensus price target of $46.06.

Super Micro Computer Stock Down 0.5%

NASDAQ SMCI traded down $0.24 during trading on Thursday, reaching $48.51. 18,665,575 shares of the company's stock were exchanged, compared to its average volume of 69,245,496. 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, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The company's fifty day simple moving average is $40.93 and its 200-day simple moving average is $37.78. The firm has a market capitalization of $28.95 billion, a PE ratio of 25.52 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The business had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the company posted $0.66 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the sale, the director directly owned 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Company 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.