Global Assets Advisory LLC Sells 14,808 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Global Assets Advisory LLC lessened its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 51.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,742 shares of the company's stock after selling 14,808 shares during the quarter. Global Assets Advisory LLC's holdings in Super Micro Computer were worth $413,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMCI. KGI Securities started coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Needham & Company LLC restated a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of "Hold" and a consensus target price of $45.53.

Super Micro Computer Price Performance

SMCI stock traded up $1.53 during midday trading on Monday, reaching $33.52. 51,173,212 shares of the stock were exchanged, compared to its average volume of 71,794,740. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The company has a fifty day moving average price of $35.37 and a 200 day moving average price of $35.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $20.00 billion, a PE ratio of 16.83 and a beta of 1.36.

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, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal 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.