Westfield Capital Management Co. LP Has $13.15 Million Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Westfield Capital Management Co. LP cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,259 shares of the company's stock after selling 39,403 shares during the period. Westfield Capital Management Co. LP owned about 0.08% of Super Micro Computer worth $13,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMCI. EverSource Wealth Advisors LLC grew its holdings in shares of Super Micro Computer by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company's stock worth $229,000 after purchasing an additional 19 shares during the last quarter. Allworth Financial LP grew its holdings in Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company's stock worth $36,000 after acquiring an additional 28 shares during the last quarter. Blue Trust Inc. increased its position in Super Micro Computer by 29.5% in the 4th quarter. Blue Trust Inc. now owns 180 shares of the company's stock valued at $49,000 after acquiring an additional 41 shares in the last quarter. Signaturefd LLC raised its stake in shares of Super Micro Computer by 8.0% in the third quarter. Signaturefd LLC now owns 610 shares of the company's stock worth $167,000 after acquiring an additional 45 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its position in shares of Super Micro Computer by 2.5% during the fourth quarter. Financial Advocates Investment Management now owns 2,050 shares of the company's stock worth $583,000 after purchasing an additional 50 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company's stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have 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 research report on Tuesday, February 13th. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a report on Thursday, May 9th. Wedbush boosted their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Argus began coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating for the company in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $954.38.

Super Micro Computer Stock Up 4.3 %

Shares of SMCI stock traded up $36.50 on Friday, hitting $883.88. 6,850,442 shares of the stock were exchanged, compared to its average volume of 6,226,230. The business has a 50-day moving average of $892.19 and a 200 day moving average of $650.53. Super Micro Computer, Inc. has a fifty-two week low of $192.50 and a fifty-two week high of $1,229.00. The firm has a market capitalization of $49.44 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. 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 (NASDAQ:SMCI - Get Free Report) last released its quarterly 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 firm 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%. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

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.