Quintet Private Bank Europe S.A. Lowers Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Quintet Private Bank Europe S.A. lowered its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,983 shares of the company’s stock after selling 462 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Super Micro Computer were worth $848,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SMCI. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Super Micro Computer in the third quarter worth $55,943,000. Natixis Advisors L.P. lifted its holdings in shares of Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after buying an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. lifted its holdings in shares of Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after buying an additional 134 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Super Micro Computer in the fourth quarter worth $739,000. Finally, Geneos Wealth Management Inc. raised its stake in Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $1,344,000 after purchasing an additional 2,870 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SMCI. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Bank of America upped their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Loop Capital upped their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Northland Securities upped their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $954.38.

Get Our Latest Stock Analysis on Super Micro Computer

Insider Transactions at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated 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 directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated 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 directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated 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 sale, 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. Over the last ninety days, insiders have sold 1,325 shares of company stock worth $1,116,736. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 3.0 %

SMCI stock traded down $26.56 during mid-day trading on Friday, reaching $844.54. 6,598,781 shares of the stock traded hands, compared to its average volume of 5,620,551. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. Super Micro Computer, Inc. has a one year low of $213.08 and a one year high of $1,229.00. The stock has a market capitalization of $47.24 billion, a PE ratio of 47.34, a PEG ratio of 0.76 and a beta of 1.23. The business has a 50-day moving average price of $838.49 and a two-hundred day moving average price of $703.17.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last posted its quarterly 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 for 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%. Equities research analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Super Micro Computer Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCIFree Report).

Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.