Qsemble Capital Management LP Has $1.50 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Qsemble Capital Management LP decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 12.1% in the 1st quarter, Holdings Channel reports. The fund owned 1,489 shares of the company’s stock after selling 205 shares during the period. Qsemble Capital Management LP’s holdings in Super Micro Computer were worth $1,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Super Micro Computer in the 1st quarter valued at about $1,423,000. Shilanski & Associates Inc. boosted its holdings in shares of Super Micro Computer by 2.7% during the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after buying an additional 134 shares in the last quarter. Nordea Investment Management AB grew its holdings in Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after purchasing an additional 51,906 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Super Micro Computer by 482.6% during the first quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after purchasing an additional 27,895 shares during the period. Finally, Truist Financial Corp bought a new position in Super Micro Computer in the fourth quarter worth approximately $739,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 2.3 %

Shares of SMCI traded down $20.72 during trading hours on Tuesday, hitting $876.96. The company had a trading volume of 4,343,532 shares, compared to its average volume of 8,436,012. The stock has a market capitalization of $49.05 billion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 0.57 and a beta of 1.27. The firm has a fifty day moving average price of $849.76 and a 200-day moving average price of $793.34. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Northland Securities boosted their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective for the company. in a report on Wednesday, July 10th. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Wedbush boosted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $999.92.

Insider Buying and Selling

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer 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.