Edmond DE Rothschild Holding S.A. Cuts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 71.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,704 shares of the company’s stock after selling 4,188 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Super Micro Computer were worth $1,721,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New Hampshire purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. VitalStone Financial LLC increased its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after purchasing an additional 28 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares during the last quarter. Finally, Silicon Valley Capital Partners purchased a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $51,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

NASDAQ:SMCI traded down $60.65 during trading hours on Wednesday, reaching $816.31. 5,728,764 shares of the company’s stock were exchanged, compared to its average volume of 8,416,354. The firm has a market capitalization of $45.66 billion, a price-to-earnings ratio of 45.76, a P/E/G ratio of 0.57 and a beta of 1.27. The company has a 50-day moving average of $850.78 and a 200 day moving average of $797.64. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm 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%. Research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Transactions at Super Micro Computer

In other news, 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 value of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now 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 can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,325 shares of company stock worth $1,116,736. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent analyst reports. Wedbush increased their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective on the stock. Loop Capital increased their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $999.92.

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.