Bank of New York Mellon Corp Sells 53,241 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Bank of New York Mellon Corp lowered its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,891,379 shares of the company's stock after selling 53,241 shares during the quarter. Bank of New York Mellon Corp owned about 0.49% of Super Micro Computer worth $99,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. AlphaQuest LLC raised its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer in the fourth quarter valued at about $33,000. Quarry LP acquired a new position in Super Micro Computer in the fourth quarter valued at about $34,000. Finally, Central Pacific Bank Trust Division acquired a new position in Super Micro Computer in the first quarter valued at about $34,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction that occurred on 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 sale, the director directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 owned 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 667,000 shares of company stock worth $29,949,340 over the last ninety days. Insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KGI Securities assumed coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. Wedbush reissued a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.47.

Super Micro Computer Trading Down 2.2%

Shares of Super Micro Computer stock traded down $1.12 on Friday, hitting $49.24. The stock had a trading volume of 24,813,483 shares, compared to its average volume of 68,591,940. The stock has a 50 day moving average of $42.91 and a 200 day moving average of $38.57. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $96.33. 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 firm has a market capitalization of $29.39 billion, a P/E ratio of 25.90, a PEG ratio of 2.31 and a beta of 1.43.

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

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.