Capital Impact Advisors LLC Trims Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Capital Impact Advisors LLC cut its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 21.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,078 shares of the company’s stock after selling 2,533 shares during the quarter. Super Micro Computer accounts for approximately 1.2% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 5th largest position. Capital Impact Advisors LLC’s holdings in Super Micro Computer were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 4.3% in the third quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after purchasing an additional 197,980 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after purchasing an additional 275,725 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Super Micro Computer by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,076,249 shares of the company’s stock valued at $221,216,000 after purchasing an additional 27,295 shares during the period. State Street Corp boosted its stake in shares of Super Micro Computer by 3.6% during the first quarter. State Street Corp now owns 1,532,138 shares of the company’s stock valued at $163,249,000 after purchasing an additional 53,564 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Super Micro Computer by 36.7% during the fourth quarter. Millennium Management LLC now owns 1,002,884 shares of the company’s stock valued at $82,337,000 after purchasing an additional 269,286 shares during the period. 72.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 963 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total value of $316,875.15. Following the transaction, the chief executive officer now owns 1,827 shares in the company, valued at approximately $601,174.35. The sale was disclosed in a filing with the SEC, which is available through this link. In other Super Micro Computer news, Director Shiu Leung Chan bought 4,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $265.57 per share, for a total transaction of $1,062,280.00. Following the transaction, the director now directly owns 40,917 shares of the company’s stock, valued at approximately $10,866,327.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 963 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total value of $316,875.15. Following the transaction, the chief executive officer now owns 1,827 shares in the company, valued at approximately $601,174.35. The disclosure for this sale can be found here. Insiders sold 10,091 shares of company stock valued at $2,815,408 in the last three months. 14.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northland Securities boosted their target price on shares of Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. StockNews.com assumed coverage on shares of Super Micro Computer in a report on Thursday, August 17th. They issued a “hold” rating for the company. Loop Capital increased their price target on shares of Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Wedbush raised shares of Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 price target for the company in a research report on Wednesday, August 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $375.00 price target on shares of Super Micro Computer in a research report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $287.50.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded up $7.37 during midday trading on Wednesday, hitting $275.05. The company had a trading volume of 688,972 shares, compared to its average volume of 2,391,773. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 23.38 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $286.18 and a 200 day simple moving average of $199.09. Super Micro Computer, Inc. has a 12-month low of $50.28 and a 12-month high of $357.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.21 by $0.22. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Super Micro Computer had a net margin of 8.98% and a return on equity of 35.13%. As a group, analysts predict that Super Micro Computer, Inc. will post 14.37 earnings per share for the current fiscal 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.