Mizuho Securities USA LLC Cuts Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Mizuho Securities USA LLC reduced its stake in Super Micro Computer by 15.5%, selling 7,407 shares to hold a total of 40,322 shares valued at approximately $1.38 million.
• Various institutional investors, including Eastern Bank and IMG Wealth Management, made changes to their positions, with 84.06% of the stock now held by institutional investors.
• Several analysts have differing outlooks on the stock, with Barclays raising its price target from $29.00 to $45.00, while Bank of America issued an "underperform" rating and a $35.00 price target.

Mizuho Securities USA LLC trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 15.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,322 shares of the company's stock after selling 7,407 shares during the quarter. Mizuho Securities USA LLC's holdings in Super Micro Computer were worth $1,381,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in shares of Super Micro Computer during the 1st quarter worth about $29,000. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $34,000. IMG Wealth Management Inc. grew its position in shares of Super Micro Computer by 90.7% in the 1st quarter. IMG Wealth Management Inc. now owns 1,051 shares of the company's stock valued at $36,000 after purchasing an additional 500 shares during the period. Bernard Wealth Management Corp. acquired a new position in Super Micro Computer during the 4th quarter worth approximately $33,000. Finally, Quarry LP acquired a new position in Super Micro Computer during the 4th quarter worth approximately $34,000. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of analyst reports. Barclays upped their price objective on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Bank of America assumed coverage on Super Micro Computer in a research note on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target on the stock. The Goldman Sachs Group increased their price objective on Super Micro Computer from $24.00 to $27.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lowered their price objective on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Mizuho raised their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.75.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the completion of the sale, the director owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the business'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 sale, the chief financial officer owned 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,067,000 shares of company stock worth $53,949,340. 16.30% of the stock is owned by corporate insiders.

Super Micro Computer Trading Down 0.8%

Shares of SMCI stock traded down $0.36 during mid-day trading on Wednesday, reaching $46.07. 25,955,901 shares of the stock traded hands, compared to its average volume of 43,965,844. The stock's fifty day simple moving average is $48.79 and its two-hundred day simple moving average is $41.77. 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 cap of $27.50 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.74.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%. The company had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter last year, the business earned $6.25 earnings per share. Super Micro Computer's revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

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.