FineMark National Bank & Trust Sells 1,230 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

FineMark National Bank & Trust cut its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,222 shares of the company's stock after selling 1,230 shares during the quarter. FineMark National Bank & Trust's holdings in Super Micro Computer were worth $632,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SMCI. Optimum Investment Advisors acquired a new stake in Super Micro Computer in the fourth quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer in the fourth quarter valued at about $30,000. Allworth Financial LP raised its position in Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company's stock valued at $36,000 after purchasing an additional 28 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in Super Micro Computer in the fourth quarter valued at about $36,000. Finally, UMB Bank n.a. raised its position in Super Micro Computer by 216.3% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the company's stock valued at $44,000 after purchasing an additional 106 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on SMCI shares. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a "sector weight" rating for the company. Rosenblatt Securities reiterated a "buy" rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 1st. Susquehanna raised their price objective 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. Finally, The Goldman Sachs Group lowered their price objective on Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $954.38.

Super Micro Computer Trading Up 4.3 %

SMCI stock traded up $36.50 during mid-day trading on Friday, reaching $883.88. The company's stock had a trading volume of 6,850,442 shares, compared to its average volume of 6,226,230. The company has a market cap of $49.44 billion, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The business's 50 day moving average price is $892.19 and its 200 day moving average price is $647.80. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 12 month low of $192.50 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion during 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%. On average, equities research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm'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 completion of the sale, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Super Micro Computer 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 owns 22,113 shares of the company's stock, valued at $19,326,319.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

About Super Micro Computer

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.