Y Intercept Hong Kong Ltd Decreases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Key Points

• Y Intercept Hong Kong Ltd significantly reduced its stake in Super Micro Computer by 90.7%, owning just 6,044 shares after selling 59,197 shares.
• Super Micro Computer reported a net margin of 5.61% and earnings of $0.31 per share for its most recent quarter, exceeding expectations but with revenue lower than projected.
• Several institutional investors have increased their positions, including Nuveen Asset Management, which boosted its holdings by 796.5% in the last quarter.

Y Intercept Hong Kong Ltd cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 90.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,044 shares of the company's stock after selling 59,197 shares during the period. Y Intercept Hong Kong Ltd's holdings in Super Micro Computer were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMCI. WT Wealth Management lifted its position in Super Micro Computer by 21.5% during the first quarter. WT Wealth Management now owns 15,850 shares of the company's stock valued at $543,000 after acquiring an additional 2,800 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in Super Micro Computer by 68.6% during the first quarter. HighPoint Advisor Group LLC now owns 125,501 shares of the company's stock valued at $4,518,000 after acquiring an additional 51,043 shares during the last quarter. Peterson Wealth Services purchased a new stake in Super Micro Computer during the first quarter valued at approximately $592,000. 4WEALTH Advisors Inc. purchased a new stake in Super Micro Computer during the first quarter valued at approximately $218,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Super Micro Computer by 4.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 38,904 shares of the company's stock valued at $1,332,000 after acquiring an additional 1,541 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded down $2.33 during trading on Friday, hitting $56.64. The company had a trading volume of 40,774,767 shares, compared to its average volume of 36,665,812. The stock has a fifty day simple moving average of $47.62 and a two-hundred day simple moving average of $40.84. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $66.44. The firm has a market capitalization of $33.80 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 2.87 and a beta of 1.46. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results 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 net margin of 5.61% and a return on equity of 20.41%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the business earned $0.66 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SMCI shares. Rosenblatt Securities decreased their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Raymond James Financial started coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating for the company. KGI Securities started coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company. Mizuho raised their price target on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, Bank of America started coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price target for the company. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $42.89.

Insider Activity

In other news, CEO Charles Liang sold 200,000 shares of Super Micro Computer stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the chief executive officer owned 40,426,120 shares in the company, valued at $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,000 shares of company stock worth $53,949,340 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

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.