Vident Advisory LLC Acquires 140,952 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Vident Advisory LLC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 3,363.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,143 shares of the company’s stock after acquiring an additional 140,952 shares during the period. Vident Advisory LLC’s holdings in Super Micro Computer were worth $4,424,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC grew its stake in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares in the last quarter. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the 4th quarter worth approximately $31,000. Finally, AlphaQuest LLC grew its stake in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after buying an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last three months. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SMCI shares. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Thursday, May 8th. Raymond James assumed coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, Wedbush restated a “neutral” rating and issued a $30.00 price objective (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.63.

Super Micro Computer Trading Down 4.5%

NASDAQ:SMCI opened at $42.77 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The firm has a market capitalization of $25.53 billion, a P/E ratio of 21.47 and a beta of 1.36. The company has a fifty day moving average of $35.80 and a 200 day moving average of $35.28.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 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.