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Shell Asset Management Co. Sells 1,611 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)



Cut by Shell Asset Management Co. its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 12.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,874 shares of the company’s stock after selling 1,611 shares during the period. The assets of Shell Asset Management Co. in Super Micro Computer were worth $414,000 at the end of the most recent reporting period.

A number of hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in Super Micro Computer by 68.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company’s stock valued at $163,000 after purchasing an additional 1,500 shares during the period. Wolf Hill Capital Management LP lifted its position in Super Micro Computer by 24.8% in the fourth quarter. Wolf Hill Capital Management LP now owns 936,645 shares of the company’s stock valued at $41,166,000 after purchasing an additional 185,842 shares during the period. Barclays PLC lifted its position in Super Micro Computer by 43.3% during the fourth quarter. Barclays PLC now owns 66,092 shares of the company’s stock worth $2,904,000 after buying an additional 19,978 shares during the period. Teacher Retirement System of Texas raised its position in Super Micro Computer by 19.6% during the fourth quarter. Teacher Retirement System of Texas now owns 7,798 shares of the company’s stock worth $343,000 after purchasing an additional 1,277 shares during the period. Finally, Walleye Capital LLC raised its position in Super Micro Computer by 119.0% in the fourth quarter. Walleye Capital LLC now owns 17,549 shares of the company’s stock worth $771,000 after buying an additional 9,536 shares during the period. 69.00% of the stock is owned by institutional investors.

Super Micro Computer Trading Up 3.3%

Shares of NASDAQ SMCI opened at $59.13 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 1.79. The 50-day moving average price is $46.83 and the 200-day moving average price is $43.79. Super Micro Computer, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $59.74. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 17.24 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.27 by $0.18. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Super Micro Computer has a return on equity of 15.92% and a net margin of 3.96%. Super Micro Computer’s quarterly revenue was up 51.3% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, sell-side analysts expect that Super Micro Computer, Inc. will post 4.83 earnings per share for the current year.

Wall Street Analysts Predict Growth

Several equities research analysts have issued reports on the company. Susquehanna Bancshares lifted their price objective on Super Micro Computer to $70.00 in a research report on Friday, July 22nd. Loop Capital upped their price target on Super Micro Computer from $60.00 to $100.00 in a report. on Wednesday, May 4. Finally, Northland Securities boosted their price target on Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st.

Insiders Place Their Bets

In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction on Friday, May 13. The stock sold at an average price of $51.95, for a total transaction of $519,500.00. Following the transaction, the director now directly owns 24,889 shares in the company, valued at approximately $1,292,983.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 14.50% of the stock is currently owned by company insiders.

Super Micro Computer Company Profile

(Get Rating)

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete servers, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

Further Reading

Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating).

Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)



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