Northern Trust Corp Lowers Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Northern Trust Corp cut its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 640,729 shares of the company’s stock after selling 10,281 shares during the period. Northern Trust Corp owned about 1.15% of Super Micro Computer worth $182,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in 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 acquiring an additional 1,319,768 shares during the period. William Blair Investment Management LLC bought a new stake in Super Micro Computer during the third quarter worth approximately $140,751,000. Norges Bank bought a new stake in Super Micro Computer during the fourth quarter worth approximately $95,211,000. FMR LLC increased its stake in Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after acquiring an additional 295,835 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Super Micro Computer during the third quarter worth approximately $55,943,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SMCI has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. The Goldman Sachs Group dropped their target price on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Finally, Northland Securities boosted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. 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.com, the company presently has an average rating of “Hold” and an average price target of $954.38.

View Our Latest Stock Analysis on Super Micro Computer

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $769.11 on Monday. Super Micro Computer, Inc. has a one year low of $213.08 and a one year high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 0.70 and a beta of 1.23. The firm’s fifty day moving average is $856.96 and its two-hundred day moving average is $687.72.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last posted 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. Research analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the firm’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 transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated 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. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 in the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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