LSV Asset Management Lowers Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

LSV Asset Management decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 91.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the company’s stock after selling 62,380 shares during the period. LSV Asset Management’s holdings in Super Micro Computer were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in Super Micro Computer in the 3rd quarter valued at $27,000. Optimum Investment Advisors purchased a new stake in Super Micro Computer during the 4th quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Super Micro Computer in the 4th quarter valued at about $30,000. Cypress Capital Management LLC WY purchased a new position in Super Micro Computer in the 4th quarter worth approximately $36,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of Super Micro Computer during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI stock opened at $799.70 on Friday. Super Micro Computer, Inc. has a 1 year low of $131.06 and a 1 year high of $1,229.00. The firm has a market capitalization of $44.73 billion, a P/E ratio of 44.83, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The business’s 50-day moving average is $944.91 and its two-hundred day moving average is $596.29.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $456,550.50. Following the sale, 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. In the last three months, insiders sold 34,252 shares of company stock valued at $29,950,223. Insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group reduced their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Loop Capital lifted their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $954.38.

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.