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

Bleakley Financial Group LLC reduced its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 623 shares of the company’s stock after selling 219 shares during the period. Bleakley Financial Group LLC’s holdings in Super Micro Computer were worth $629,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC raised its holdings in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after buying an additional 13 shares during the period. Versant Capital Management Inc raised its holdings in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. TFC Financial Management Inc. raised its holdings in shares of Super Micro Computer by 23.1% during the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock valued at $1,283,000 after buying an additional 16 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Super Micro Computer by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after buying an additional 18 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Shares of SMCI opened at $816.31 on Thursday. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 0.55 and a beta of 1.27. The stock has a 50 day moving average of $850.78 and a 200-day moving average of $797.64. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 52 week low of $226.59 and a 52 week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its 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. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. As a group, analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity at Super Micro Computer

In related news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the business’s 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 approximately $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on 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 owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock worth $1,116,736 in the last 90 days. 17.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SMCI shares. KeyCorp started coverage on Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective on the stock. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.