Shell Asset Management Co. Lowers Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Shell Asset Management Co. trimmed its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 62.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 453 shares of the company’s stock after selling 759 shares during the period. Shell Asset Management Co.’s holdings in Super Micro Computer were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after acquiring an additional 1,265,542 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of Super Micro Computer in the first quarter valued at about $1,325,466,000. Norges Bank purchased a new stake in Super Micro Computer during the fourth quarter worth about $95,211,000. Finally, Principal Financial Group Inc. grew its position in Super Micro Computer by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock worth $92,771,000 after buying an additional 14,959 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 2.4 %

Shares of SMCI stock opened at $712.19 on Friday. The firm’s 50-day simple moving average is $837.57 and its 200-day simple moving average is $816.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The firm has a market cap of $39.83 billion, a P/E ratio of 39.92, a PEG ratio of 0.44 and a beta of 1.27.

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

Insider Buying and Selling at Super Micro Computer

In other news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were 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 directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SMCI. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. KeyCorp initiated coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $999.92.

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.