Alps Advisors Inc. cut its position in shares of Super Micro Computer Inc. (NASDAQ:SMCI) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 12,542 shares of the company’s stock after selling 920 shares during the period. Alps Advisors Inc.’s holdings in Super Micro Computer were worth $312,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Cupps Capital Management LLC bought a new stake in Super Micro Computer during the first quarter worth about $4,845,000. GW&K Investment Management LLC boosted its stake in Super Micro Computer by 16.5% in the second quarter. GW&K Investment Management LLC now owns 373,478 shares of the company’s stock worth $9,281,000 after buying an additional 52,897 shares during the last quarter. Neumeier Poma Investment Counsel LLC boosted its stake in Super Micro Computer by 6.0% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 644,980 shares of the company’s stock worth $21,981,000 after buying an additional 36,300 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Super Micro Computer during the first quarter worth about $1,170,000. Finally, Prudential Financial Inc. boosted its stake in Super Micro Computer by 28.3% in the first quarter. Prudential Financial Inc. now owns 108,403 shares of the company’s stock worth $3,694,000 after buying an additional 23,900 shares during the last quarter. Institutional investors own 73.25% of the company’s stock.
Shares of Super Micro Computer Inc. (NASDAQ:SMCI) traded down 3.15% during trading on Thursday, reaching $21.52. The company had a trading volume of 333,244 shares. The company has a 50 day moving average of $22.30 and a 200-day moving average of $24.97. The firm has a market capitalization of $1.05 billion, a P/E ratio of 15.48 and a beta of 0.66. Super Micro Computer Inc. has a 52-week low of $18.60 and a 52-week high of $34.69.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The business earned $524.30 million during the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. Super Micro Computer’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Equities analysts expect that Super Micro Computer Inc. will post $1.40 earnings per share for the current year.
A number of equities research analysts recently weighed in on SMCI shares. Stifel Nicolaus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Pacific Crest started coverage on shares of Super Micro Computer in a research note on Thursday, July 28th. They set a “sector weight” rating on the stock. Susquehanna restated a “positive” rating and set a $33.00 price objective on shares of Super Micro Computer in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Finally, Roth Capital cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $22.50 in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.31.
In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $21.51, for a total transaction of $430,200.00. Following the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $430,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Howard Hideshima sold 20,312 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total value of $439,754.80. Following the transaction, the chief financial officer now directly owns 20,312 shares in the company, valued at approximately $439,754.80. The disclosure for this sale can be found here. 24.00% of the stock is owned by company insiders.
About Super Micro Computer
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.