Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,883 shares of the company's stock after selling 12,291 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Super Micro Computer were worth $6,399,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its position in Super Micro Computer by 914.7% in the 4th 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 in the last quarter. FMR LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. grew its position in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of 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 worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $49.27 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33. The company has a 50-day simple moving average of $39.57 and a 200-day simple moving average of $37.51. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 25.92 and a beta of 1.40.

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

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer now directly owns 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

SMCI has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Mizuho set a $40.00 price objective on shares of Super Micro Computer and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Citigroup assumed coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 price target on the stock. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Wednesday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $45.63.

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.

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