Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Spire Wealth Management

Spire Wealth Management cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 47.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,195 shares of the company's stock after selling 7,331 shares during the period. Spire Wealth Management's holdings in Super Micro Computer were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC increased its stake in shares of Super Micro Computer by 907.8% in the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock worth $2,060,000 after acquiring an additional 60,879 shares during the period. Fisher Asset Management LLC purchased a new stake in Super Micro Computer in the fourth quarter valued at $209,000. US Bancorp DE grew its position in Super Micro Computer by 1,147.3% during the 4th quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after purchasing an additional 26,549 shares during the period. LPL Financial LLC grew its position in Super Micro Computer by 561.3% during the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after purchasing an additional 573,439 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at about $1,176,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's 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 sale, the director now directly owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 667,000 shares of company stock worth $29,949,340. Company insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SMCI. KGI Securities assumed coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Rosenblatt Securities decreased their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.63.

Super Micro Computer Stock Performance

Shares of SMCI opened at $47.58 on Monday. The company has a 50-day moving average of $39.89 and a two-hundred day moving average of $37.55. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 25.03 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company earned $0.66 earnings per share. Super Micro Computer's quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

About Super Micro Computer

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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