Trivest Advisors Ltd Decreases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Trivest Advisors Ltd lessened its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company's stock after selling 1,000 shares during the period. Super Micro Computer accounts for 0.2% of Trivest Advisors Ltd's investment portfolio, making the stock its 17th largest position. Trivest Advisors Ltd's holdings in Super Micro Computer were worth $4,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. International Assets Investment Management LLC raised its stake in shares of 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 valued at $375,818,000 after purchasing an additional 1,319,768 shares during the period. William Blair Investment Management LLC bought a new position in shares of Super Micro Computer in the third quarter valued at approximately $140,751,000. FMR LLC grew its stake in Super Micro Computer by 161.2% during the third 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Super Micro Computer in the 3rd quarter worth about $55,943,000. Finally, Ameriprise Financial Inc. raised its position in shares of Super Micro Computer by 89.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company's stock valued at $96,234,000 after buying an additional 165,353 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 0.2 %

NASDAQ SMCI traded down $1.20 during midday trading on Friday, hitting $798.50. 3,791,338 shares of the company traded hands, compared to its average volume of 6,771,122. Super Micro Computer, Inc. has a 52 week low of $132.69 and a 52 week high of $1,229.00. The company's 50-day simple moving average is $941.44 and its 200-day simple moving average is $603.84. The company has a market cap of $44.66 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Insider Buying and Selling

In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated 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 completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Loop Capital raised their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Thursday. Northland Securities upped their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Monday, March 25th. Finally, Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $954.38.

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.

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