Jennison Associates LLC Trims Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Jennison Associates LLC decreased its position in Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,947 shares of the company’s stock after selling 1,995 shares during the period. Jennison Associates LLC’s holdings in Super Micro Computer were worth $1,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the period. Norges Bank acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $95,211,000. Wolf Hill Capital Management LP acquired a new position in Super Micro Computer in the fourth quarter valued at about $77,996,000. Vanguard Group Inc. boosted its stake in Super Micro Computer by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock worth $1,401,136,000 after buying an additional 194,700 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Super Micro Computer by 658.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 87,090 shares of the company’s stock valued at $24,756,000 after acquiring an additional 75,600 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 0.4 %

SMCI stock opened at $895.61 on Wednesday. Super Micro Computer, Inc. has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00. The company’s 50 day moving average price is $840.10 and its 200 day moving average price is $776.25. 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 capitalization of $50.09 billion, a price-to-earnings ratio of 50.20, a PEG ratio of 0.57 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now 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 1,325 shares of company stock valued at $1,116,736 over the last quarter. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company decreased 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 report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note 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. The Goldman Sachs Group cut their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price for the company. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $994.15.

Read Our Latest Analysis on SMCI

Super Micro Computer 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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