Mutual of America Capital Management LLC Trims Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mutual of America Capital Management LLC decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 52,347 shares of the company's stock after selling 1,835 shares during the period. Mutual of America Capital Management LLC owned approximately 0.10% of Super Micro Computer worth $14,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company's stock worth $265,007,000 after acquiring an additional 197,980 shares during the last quarter. BlackRock Inc. grew its position in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock worth $131,163,000 after acquiring an additional 275,725 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Super Micro Computer by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company's stock worth $62,035,000 after acquiring an additional 171,335 shares during the last quarter. State Street Corp grew its position in Super Micro Computer by 3.6% during the 1st quarter. State Street Corp now owns 1,532,138 shares of the company's stock worth $163,249,000 after acquiring an additional 53,564 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,989 shares of company stock worth $30,113,681. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 4.1 %

Shares of Super Micro Computer stock traded down $38.79 on Friday, hitting $898.49. 3,302,856 shares of the company's stock traded hands, compared to its average volume of 10,060,289. The company has a fifty day moving average of $930.11 and a two-hundred day moving average of $521.65. The company has a market capitalization of $50.25 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. Super Micro Computer, Inc. has a one year low of $93.19 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company's quarterly revenue was up 103.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.09 earnings per share. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMCI. Wedbush boosted their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. Rosenblatt Securities increased their price target on Super Micro Computer from $700.00 to $1,300.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Susquehanna increased their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research note on Tuesday, January 30th. Northland Securities increased their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of "Moderate Buy" and a consensus price target of $865.23.

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.