Engineers Gate Manager LP Has $379,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Engineers Gate Manager LP reduced its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 58.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,874 shares of the company’s stock after selling 9,796 shares during the period. Engineers Gate Manager LP’s holdings in Super Micro Computer were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in Super Micro Computer by 31.5% during the second quarter. Captrust Financial Advisors now owns 1,415 shares of the company’s stock worth $57,000 after buying an additional 339 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Super Micro Computer by 6.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,346 shares of the company’s stock valued at $256,000 after purchasing an additional 375 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Super Micro Computer by 21.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock valued at $114,000 after purchasing an additional 493 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Super Micro Computer by 6.9% during the 1st quarter. Hsbc Holdings PLC now owns 8,440 shares of the company’s stock valued at $326,000 after acquiring an additional 545 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Super Micro Computer during the 3rd quarter valued at approximately $37,000. Institutional investors own 73.08% of the company’s stock.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $82.49, for a total transaction of $4,124,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,668,273 shares of the company’s stock, valued at approximately $550,065,839.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Charles Liang sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $82.49, for a total transaction of $4,124,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,668,273 shares of the company’s stock, valued at approximately $550,065,839.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP George Kao sold 2,000 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $85.04, for a total value of $170,080.00. Following the sale, the senior vice president now owns 7,149 shares in the company, valued at approximately $607,950.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,772 shares of company stock worth $7,917,123. 14.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Northland Securities increased their target price on Super Micro Computer from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.00.

Super Micro Computer Stock Down 3.8 %

Super Micro Computer stock opened at $89.28 on Tuesday. The stock has a market capitalization of $4.79 billion, a PE ratio of 8.49 and a beta of 1.26. Super Micro Computer, Inc. has a 12 month low of $34.11 and a 12 month high of $104.30. The business has a 50 day simple moving average of $86.32 and a 200-day simple moving average of $77.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.34.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.14. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Super Micro Computer had a return on equity of 37.49% and a net margin of 8.70%. On average, analysts anticipate that Super Micro Computer, Inc. will post 9.93 EPS for the current fiscal year.

About Super Micro Computer

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.