TD Asset Management Inc Trims Holdings in Super Micro Computer, Inc. $SMCI

Key Points

• TD Asset Management Inc reduced its stake in Super Micro Computer by 3.6%, resulting in ownership of 238,723 shares valued at approximately $11.7 million.
• Insider transactions revealed significant sales, including CFO David E. Weigand selling 25,000 shares for $1.13 million and Director Liang Chiu-Chu Sara Liu selling 200,000 shares for $12 million.
• Super Micro Computer reported a miss in quarterly earnings with an EPS of $0.41, below estimates, alongside a revenue of $5.76 billion, which was also below analyst expectations.

TD Asset Management Inc trimmed its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 238,723 shares of the company's stock after selling 8,922 shares during the period. TD Asset Management Inc's holdings in Super Micro Computer were worth $11,700,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. GAMMA Investing LLC raised its stake in shares of Super Micro Computer by 129.3% in the 1st quarter. GAMMA Investing LLC now owns 14,543 shares of the company's stock valued at $498,000 after acquiring an additional 8,202 shares during the period. QRG Capital Management Inc. raised its stake in shares of Super Micro Computer by 9.8% in the 1st quarter. QRG Capital Management Inc. now owns 17,870 shares of the company's stock valued at $612,000 after acquiring an additional 1,594 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Super Micro Computer by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 59,015 shares of the company's stock valued at $2,020,000 after acquiring an additional 1,620 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $223,000. Finally, Praxis Investment Management Inc. raised its stake in shares of Super Micro Computer by 23.4% in the 1st quarter. Praxis Investment Management Inc. now owns 19,170 shares of the company's stock valued at $656,000 after acquiring an additional 3,630 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Super Micro Computer news, CFO David E. Weigand sold 25,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $45.14, for a total value of $1,128,500.00. Following the sale, the chief financial officer directly owned 100,188 shares of the company's stock, valued at approximately $4,522,486.32. This represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were 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 directly owned 40,426,120 shares in the company, valued at approximately $2,425,567,200. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 490,000 shares of company stock valued at $27,890,950. 16.30% of the stock is currently owned by company insiders.

Super Micro Computer Trading Down 3.1%

Shares of NASDAQ:SMCI opened at $52.18 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $66.44. The company's 50 day moving average is $46.83 and its two-hundred day moving average is $44.12. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The company has a market cap of $31.01 billion, a PE ratio of 31.43, a P/E/G ratio of 1.30 and a beta of 1.55.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The firm had revenue of $5.76 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same period in the prior year, the company posted $6.25 earnings per share. The company's revenue for the quarter was up 8.5% on a year-over-year basis. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. Equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Sanford C. Bernstein raised shares of Super Micro Computer to a "hold" rating in a research note on Tuesday, September 16th. Needham & Company LLC upped their target price on shares of Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Zacks Research raised shares of Super Micro Computer to a "hold" rating in a research note on Monday, August 11th. Bank of America initiated coverage on shares of Super Micro Computer in a research note on Wednesday, July 9th. They set an "underperform" rating and a $35.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Super Micro Computer in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.36.

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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