Teamwork Financial Advisors LLC Sells 33,592 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Teamwork Financial Advisors LLC lowered its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 85.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,888 shares of the company's stock after selling 33,592 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Super Micro Computer were worth $202,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. TrueWealth Advisors LLC acquired a new position in Super Micro Computer in the first quarter valued at approximately $293,000. Sentry Investment Management LLC bought a new stake in shares of Super Micro Computer in the 1st quarter valued at $51,000. Lbmc Investment Advisors LLC lifted its position in shares of Super Micro Computer by 121.1% during the 1st quarter. Lbmc Investment Advisors LLC now owns 24,985 shares of the company's stock valued at $855,000 after acquiring an additional 13,685 shares during the period. Czech National Bank boosted its stake in Super Micro Computer by 5.9% during the first quarter. Czech National Bank now owns 115,665 shares of the company's stock worth $3,960,000 after acquiring an additional 6,490 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Super Micro Computer by 8.8% in the first quarter. Rhumbline Advisers now owns 1,071,310 shares of the company's stock worth $36,682,000 after purchasing an additional 87,005 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMCI has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price target on Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Rosenblatt Securities decreased their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.63.

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value 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 $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.60% of the company's stock.

Super Micro Computer Stock Up 1.9%

NASDAQ:SMCI traded up $0.78 during trading hours on Friday, hitting $41.55. 25,359,202 shares of the company traded hands, compared to its average volume of 71,234,946. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market cap of $24.80 billion, a PE ratio of 20.86 and a beta of 1.40. The firm's 50-day simple moving average is $36.42 and its 200-day simple moving average is $36.74. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the firm earned $0.66 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. Equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Super Micro Computer 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.