LSV Asset Management Reduces Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

LSV Asset Management lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 91.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,700 shares of the company's stock after selling 62,380 shares during the quarter. LSV Asset Management's holdings in Super Micro Computer were worth $1,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMCI. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $55,943,000. Natixis Advisors L.P. lifted its position in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock valued at $4,722,000 after purchasing an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. grew its stake in Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock worth $1,451,000 after buying an additional 134 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock worth $1,344,000 after buying an additional 2,870 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Super Micro Computer by 26.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company's stock valued at $14,858,000 after buying an additional 11,342 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SMCI. Wells Fargo & Company decreased their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 1st. Bank of America boosted their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Northland Securities boosted their target price 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, Susquehanna raised their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $954.38.

Super Micro Computer Stock Down 0.2 %

Shares of NASDAQ:SMCI traded down $1.20 during trading on Friday, reaching $798.50. 3,784,234 shares of the stock traded hands, compared to its average volume of 9,342,779. The stock has a market cap of $44.66 billion, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The stock has a 50-day moving average of $943.58 and a two-hundred day moving average of $597.70. Super Micro Computer, Inc. has a 52-week low of $132.69 and a 52-week high of $1,229.00.

Insider Activity at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction 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 sale, the director now owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock valued at $29,950,223 over the last ninety days. Insiders own 17.60% of the company's stock.

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.