Engineers Gate Manager LP Reduces Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Engineers Gate Manager LP decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,874 shares of the company’s stock after selling 9,796 shares during the quarter. Engineers Gate Manager LP’s holdings in Super Micro Computer were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock worth $168,077,000 after purchasing an additional 66,035 shares during the last quarter. BlackRock Inc. boosted its holdings in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after acquiring an additional 275,725 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Super Micro Computer by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,248 shares of the company’s stock worth $107,014,000 after buying an additional 95,215 shares during the period. State Street Corp increased its position in Super Micro Computer by 0.7% during the 2nd quarter. State Street Corp now owns 884,008 shares of the company’s stock valued at $35,670,000 after buying an additional 6,241 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Super Micro Computer by 12.3% during the 3rd quarter. Nuveen Asset Management LLC now owns 617,879 shares of the company’s stock valued at $34,027,000 after buying an additional 67,674 shares in the last quarter. Institutional investors own 73.08% of the company’s stock.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $82.49, for a total value of $4,124,500.00. Following the transaction, the chief executive officer now owns 6,668,273 shares of the company’s stock, valued at $550,065,839.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Super Micro Computer news, CEO Charles Liang sold 50,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $82.49, for a total value of $4,124,500.00. Following the transaction, the chief executive officer now owns 6,668,273 shares in the company, valued at $550,065,839.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sherman Tuan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $87.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 24,696 shares of the company’s stock, valued at approximately $2,148,552. The disclosure for this sale can be found here. Insiders sold 101,772 shares of company stock worth $7,917,123 over the last ninety days. Corporate insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Northland Securities raised their target price on Super Micro Computer from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.00.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $89.28 on Tuesday. The business’s 50 day moving average is $86.32 and its two-hundred day moving average is $77.15. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 8.49 and a beta of 1.26. The company has a current ratio of 2.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. Super Micro Computer, Inc. has a 12-month low of $34.11 and a 12-month high of $104.30.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last posted its earnings results on Tuesday, January 31st. The company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.14. Super Micro Computer had a return on equity of 37.49% and a net margin of 8.70%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Research analysts expect that Super Micro Computer, Inc. will post 9.93 EPS for the current year.

About Super Micro Computer

(Get Rating)

Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.