Wambolt & Associates LLC Sells 366 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Wambolt & Associates LLC decreased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 50.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362 shares of the company’s stock after selling 366 shares during the quarter. Wambolt & Associates LLC’s holdings in Super Micro Computer were worth $375,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the period. Norges Bank bought a new stake in shares of Super Micro Computer in the 4th quarter valued at about $95,211,000. Wolf Hill Capital Management LP purchased a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $77,996,000. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after purchasing an additional 194,700 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after buying an additional 165,353 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SMCI shares. Bank of America upped their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. KeyCorp started coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Northland Securities raised 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 report on Monday, March 25th. Finally, 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 for the company in a research note on Wednesday, May 1st. 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 company has a consensus rating of “Hold” and an average target price of $954.38.

Insider Buying and Selling

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the company’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 value of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

Shares of SMCI traded down $0.42 during trading hours on Friday, reaching $846.58. 4,809,253 shares of the company traded hands, compared to its average volume of 6,436,755. 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 business has a fifty day moving average price of $839.18 and a 200-day moving average price of $761.42. Super Micro Computer, Inc. has a 12-month low of $226.59 and a 12-month high of $1,229.00. The stock has a market capitalization of $47.35 billion, a P/E ratio of 47.45, a P/E/G ratio of 0.53 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last issued 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. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

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.