Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Holdings Lessened by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 842 shares of the company’s stock after selling 43 shares during the quarter. Bleakley Financial Group LLC’s holdings in Super Micro Computer were worth $239,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Super Micro Computer in the 3rd quarter worth about $25,000. Allworth Financial LP acquired a new position in Super Micro Computer during the 3rd quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $39,000. Finally, UMB Bank n.a. grew its stake in shares of Super Micro Computer by 216.3% in the 4th 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 last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. 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 Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is owned by company insiders.

Super Micro Computer Trading Down 1.8 %

NASDAQ:SMCI opened at $882.75 on Tuesday. Super Micro Computer, Inc. has a 12 month low of $93.19 and a 12 month high of $1,229.00. The firm has a market cap of $49.37 billion, a price-to-earnings ratio of 68.91, a P/E/G ratio of 0.80 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $940.88 and its 200-day moving average is $534.33.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% compared to the same quarter last year. Equities analysts anticipate that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SMCI. Susquehanna raised their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target for the company. Barclays raised their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. The Goldman Sachs Group began coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Moderate Buy” and a consensus price target of $865.23.

Super Micro Computer Company 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.