Handelsinvest Investeringsforvaltning Has $1.04 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Handelsinvest Investeringsforvaltning cut its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 34.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,033 shares of the company’s stock after selling 536 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Super Micro Computer were worth $1,043,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. The Goldman Sachs Group reduced their price objective 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. Wells Fargo & Company reduced their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Loop Capital upped their price objective 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. Finally, StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Stock Down 0.8 %

Shares of NASDAQ SMCI opened at $830.35 on Wednesday. The firm has a market cap of $46.44 billion, a PE ratio of 46.93, a P/E/G ratio of 0.74 and a beta of 1.27. Super Micro Computer, Inc. has a 12-month low of $226.59 and a 12-month high of $1,229.00. The company’s fifty day simple moving average is $836.36 and its 200 day simple moving average is $756.52. 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 (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,325 shares of company stock valued at $1,116,736. Corporate insiders own 17.60% of the company’s stock.

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.