Westwood Holdings Group Inc. lowered its stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 33.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,604 shares of the company’s stock after selling 3,285 shares during the period. Westwood Holdings Group Inc.’s holdings in Super Micro Computer were worth $324,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Park Avenue Securities LLC bought a new stake in shares of Super Micro Computer during the second quarter valued at approximately $310,000. Bank Hapoalim BM purchased a new position in Super Micro Computer during the second quarter valued at $748,000. Fiduciary Planning LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at $255,000. AlphaQuest LLC grew its position in shares of Super Micro Computer by 352.4% in the 1st quarter. AlphaQuest LLC now owns 4,927 shares of the company’s stock worth $169,000 after buying an additional 3,838 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Super Micro Computer by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 161,091 shares of the company’s stock worth $7,895,000 after acquiring an additional 7,171 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Stock Down 6.4%
SMCI stock opened at $34.10 on Tuesday. The stock has a market capitalization of $20.36 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.25 and a quick ratio of 3.25. Super Micro Computer, Inc. has a 1-year low of $20.00 and a 1-year high of $66.44. The business has a fifty day moving average price of $47.87 and a 200-day moving average price of $46.13.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, SVP George Kao sold 40,000 shares of Super Micro Computer stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $43.88, for a total value of $1,755,200.00. Following the completion of the sale, the senior vice president owned 21,820 shares of the company’s stock, valued at approximately $957,461.60. The trade was a 64.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the sale, the chief financial officer owned 100,188 shares of the company’s stock, valued at approximately $4,522,486.32. This represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,000 shares of company stock valued at $3,890,950 over the last three months. 16.30% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on SMCI shares. The Goldman Sachs Group set a $34.00 price objective on shares of Super Micro Computer and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Barclays lowered their target price on shares of Super Micro Computer from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Argus set a $64.00 price target on Super Micro Computer in a research note on Thursday, November 6th. Wedbush lowered their price objective on Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Mizuho dropped their target price on Super Micro Computer from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.38.
Get Our Latest Stock Analysis on SMCI
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.
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