Daiwa Securities Group Inc. Sells 62 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Daiwa Securities Group Inc. lowered its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,025 shares of the company’s stock after selling 62 shares during the period. Daiwa Securities Group Inc.’s holdings in Super Micro Computer were worth $1,144,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP bought a new position in shares of Super Micro Computer in the third quarter worth approximately $27,000. Optimum Investment Advisors bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new position in shares of Super Micro Computer in the third quarter worth approximately $39,000. UMB Bank n.a. lifted its stake in shares of Super Micro Computer by 216.3% in the fourth quarter. UMB Bank n.a. now owns 155 shares of the company’s stock worth $44,000 after buying an additional 106 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $48,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $754.72 on Thursday. The firm has a fifty day moving average price of $952.15 and a 200-day moving average price of $559.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The stock has a market cap of $42.21 billion, a PE ratio of 58.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. 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 announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.09 earnings per share. Equities analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

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

Analysts Set New Price Targets

SMCI has been the topic of several analyst reports. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday. Northland Securities increased their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Rosenblatt Securities increased their price objective on shares of 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. Bank of America increased their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, KeyCorp started coverage on shares of Super Micro Computer in a research report on Wednesday. They set a “sector weight” rating on the stock. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $949.85.

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.