Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Monument Capital Management

Monument Capital Management trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 43.4% in the 1st quarter, Holdings Channel reports. The firm owned 4,701 shares of the company’s stock after selling 3,598 shares during the period. Super Micro Computer accounts for approximately 1.4% of Monument Capital Management’s portfolio, making the stock its 15th largest position. Monument Capital Management’s holdings in Super Micro Computer were worth $4,748,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SMCI. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Super Micro Computer during the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC purchased a new stake in Super Micro Computer during the fourth quarter worth about $33,000. Bank of New Hampshire purchased a new stake in Super Micro Computer during the first quarter worth about $35,000. Finally, Allworth Financial LP increased its stake in Super Micro Computer by 28.6% during the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 28 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In other Super Micro Computer 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 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 SEC, which is available through the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s 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 completion of the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock valued at $1,116,736 in the last quarter. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Up 0.5 %

Shares of NASDAQ SMCI traded up $3.98 during midday trading on Wednesday, hitting $841.15. The stock had a trading volume of 1,690,086 shares, compared to its average volume of 8,561,535. The company has a market capitalization of $47.05 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 0.74 and a beta of 1.27. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $836.36 and a 200 day moving average price of $756.52.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly 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 firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. On average, analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SMCI shares. Argus started coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. KeyCorp initiated coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Wedbush increased their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $954.38.

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.