Ascent Group LLC Sells 164 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Ascent Group LLC reduced its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 27.5% in the 1st quarter, Holdings Channel reports. The firm owned 432 shares of the company’s stock after selling 164 shares during the quarter. Ascent Group LLC’s holdings in Super Micro Computer were worth $436,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SMCI. Raymond James & Associates raised its position in Super Micro Computer by 52.7% during the 4th quarter. Raymond James & Associates now owns 72,087 shares of the company’s stock worth $20,491,000 after purchasing an additional 24,879 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Super Micro Computer by 15.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 24,941 shares of the company’s stock worth $7,090,000 after acquiring an additional 3,298 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Super Micro Computer by 54.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,038 shares of the company’s stock worth $2,853,000 after acquiring an additional 3,554 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Super Micro Computer by 29.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,384 shares of the company’s stock worth $6,931,000 after acquiring an additional 5,613 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Super Micro Computer by 2.8% in the 4th quarter. Ritholtz Wealth Management now owns 2,205 shares of the company’s stock worth $627,000 after acquiring an additional 60 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Down 5.1 %

SMCI stock traded down $35.24 during mid-day trading on Tuesday, reaching $662.49. 2,358,704 shares of the company traded hands, compared to its average volume of 8,222,015. The stock has a market cap of $37.05 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 0.45 and a beta of 1.27. 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 fifty-two week low of $226.59 and a fifty-two week high of $1,229.00. The firm’s 50 day moving average price is $833.45 and its 200 day moving average price is $825.82.

Super Micro Computer (NASDAQ:SMCI) last posted 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 net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SMCI. The Goldman Sachs Group lowered their price objective on 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 lifted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Finally, Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $999.92.

Insiders Place Their Bets

In related news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred 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 sale, the director now owns 27,813 shares of the company’s stock, 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 other news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the firm’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 completion of the transaction, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Super Micro Computer 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.