Super Micro Computer, Inc. (NASDAQ:SMCI) Stake Lowered by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,210 shares of the company's stock after selling 3,685 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Super Micro Computer were worth $3,187,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SMCI. International Assets Investment Management LLC increased its holdings 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 purchasing an additional 1,319,768 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Super Micro Computer in the 3rd quarter valued at about $140,751,000. Millennium Management LLC increased its holdings in shares of Super Micro Computer by 379.5% in the 2nd quarter. Millennium Management LLC now owns 609,315 shares of the company's stock valued at $24,586,000 after acquiring an additional 482,230 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Super Micro Computer by 4,603.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company's stock valued at $826,000 after acquiring an additional 461,808 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company's stock valued at $131,444,000 after acquiring an additional 295,835 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity

In other news, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the director now directly owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company's stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 in the last three months. 17.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on SMCI shares. Barclays increased their price objective on Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a report on Tuesday, February 13th. Susquehanna increased their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a report on Tuesday, January 30th. Wedbush increased their price objective on Super Micro Computer from $250.00 to $530.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th. Northland Securities upped their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Monday, March 25th. Finally, Bank of America upped their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $865.23.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $38.79 during mid-day trading on Friday, reaching $898.49. 3,332,228 shares of the company were exchanged, compared to its average volume of 6,263,681. Super Micro Computer, Inc. has a twelve month low of $93.19 and a twelve month high of $1,229.00. The firm's 50-day simple moving average is $936.49 and its two-hundred day simple moving average is $528.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The firm has a market cap of $50.25 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts' consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the firm earned $3.09 EPS. The firm's revenue for the quarter was up 103.0% on a year-over-year basis. Equities analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share 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.