Affinity Investment Advisors LLC Sells 1,290 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Affinity Investment Advisors LLC lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 42.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,779 shares of the company's stock after selling 1,290 shares during the period. Affinity Investment Advisors LLC's holdings in Super Micro Computer were worth $506,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SMCI. Allworth Financial LP bought a new stake in Super Micro Computer in the third quarter valued at approximately $27,000. Optimum Investment Advisors bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $30,000. Cypress Capital Management LLC WY bought a new position in shares of Super Micro Computer during the fourth quarter worth approximately $36,000. Finally, UMB Bank n.a. increased its stake in shares of Super Micro Computer by 216.3% during the fourth quarter. UMB Bank n.a. now owns 155 shares of the company's stock worth $44,000 after purchasing an additional 106 shares during the period. Institutional investors own 84.06% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company's stock, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Company insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

SMCI stock traded down $4.99 during midday trading on Tuesday, reaching $898.95. 5,908,961 shares of the stock were exchanged, compared to its average volume of 9,094,204. The stock has a market capitalization of $50.28 billion, a PE ratio of 51.51, a P/E/G ratio of 0.80 and a beta of 1.34. Super Micro Computer, Inc. has a 52 week low of $158.26 and a 52 week high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a fifty day moving average price of $913.12 and a 200 day moving average price of $633.06.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $5.42 by $1.14. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SMCI shares. Northland Securities increased their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Barclays raised their price objective 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. Loop Capital raised their price objective 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. Argus assumed coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average 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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