Bleakley Financial Group LLC Sells 43 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Bleakley Financial Group LLC decreased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 842 shares of the company’s stock after selling 43 shares during the quarter. Bleakley Financial Group LLC’s holdings in Super Micro Computer were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Americana Partners LLC increased its position in Super Micro Computer by 12.5% during the 4th quarter. Americana Partners LLC now owns 1,350 shares of the company’s stock worth $384,000 after buying an additional 150 shares during the period. Pinkerton Retirement Specialists LLC increased its position in shares of Super Micro Computer by 40.0% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 1,305 shares of the company’s stock worth $371,000 after purchasing an additional 373 shares during the period. Zweig DiMenna Associates LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth $2,132,000. Nisa Investment Advisors LLC increased its position in shares of Super Micro Computer by 6.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,822 shares of the company’s stock worth $2,792,000 after purchasing an additional 557 shares during the period. Finally, Vahanian & Associates Financial Planning Inc. bought a new position in shares of Super Micro Computer in the fourth quarter worth $276,000. Institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMCI. Wells Fargo & Company began coverage on Super Micro Computer in a research report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price target on the stock. Susquehanna raised their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. Wedbush raised their price target on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Barclays raised their price objective on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities lifted their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $865.23.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $882.75 on Tuesday. The stock has a market cap of $49.37 billion, a P/E ratio of 68.91, a price-to-earnings-growth ratio of 0.80 and a beta of 1.28. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $940.88 and its 200-day moving average is $534.33. Super Micro Computer, Inc. has a 1-year low of $93.19 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.09 earnings per share. Equities research analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Super Micro Computer Company 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.