Ulland Investment Advisors LLC Cuts Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Ulland Investment Advisors LLC cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 59.6% during the first quarter, HoldingsChannel reports. The fund owned 1,805 shares of the company’s stock after selling 2,665 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Super Micro Computer were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its position in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter worth $292,869,000. Invesco Ltd. boosted its position in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMCI. Mizuho set a $40.00 price objective on Super Micro Computer and gave the stock a “neutral” rating in a research report on Monday, May 19th. Barclays reissued an “equal weight” rating and issued a $34.00 price objective on shares of Super Micro Computer in a research report on Tuesday, May 6th. Citigroup began coverage on Super Micro Computer in a research report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, KGI Securities assumed coverage on Super Micro Computer in a research report on Wednesday, May 7th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $45.63.

Super Micro Computer Stock Performance

Shares of SMCI opened at $43.21 on Thursday. The stock has a market cap of $25.79 billion, a P/E ratio of 21.69 and a beta of 1.40. The stock has a 50-day moving average of $37.19 and a two-hundred day moving average of $37.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

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

Insider Activity

In other news, CFO David E. Weigand sold 67,000 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer now owns 88,599 shares of the company’s stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 17.60% of the company’s stock.

About Super Micro Computer

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.