BI Asset Management Fondsmaeglerselskab A S Has $1.03 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022 shares of the company’s stock after selling 17,374 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Super Micro Computer were worth $1,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new position in Super Micro Computer in the fourth quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC bought a new stake in Super Micro Computer during the 4th quarter worth approximately $33,000. Bank of New Hampshire acquired a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. Finally, Allworth Financial LP lifted its stake in Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the topic of several recent research reports. Northland Securities lifted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Loop Capital increased their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Wedbush increased their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their target price on 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 analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $994.15.

Insider Buying and Selling at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction 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 transaction, 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 can be accessed through this link. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer 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 sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Insiders have sold 1,325 shares of company stock worth $1,116,736 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

NASDAQ SMCI traded up $9.37 on Wednesday, hitting $904.98. 2,763,654 shares of the company’s stock were exchanged, compared to its average volume of 8,491,387. The stock has a 50-day moving average of $840.10 and a 200-day moving average of $776.25. The stock has a market cap of $50.62 billion, a price-to-earnings ratio of 49.60, a P/E/G ratio of 0.57 and a beta of 1.27. 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 current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 EPS 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%. Analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

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.