Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Veracity Capital LLC

Veracity Capital LLC trimmed its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 49.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 659 shares of the company’s stock after selling 649 shares during the quarter. Veracity Capital LLC’s holdings in Super Micro Computer were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New Hampshire acquired a new stake in Super Micro Computer during the 1st quarter worth $35,000. Versant Capital Management Inc raised its stake in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Super Micro Computer during the 1st quarter worth $61,000. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the 4th quarter worth $28,000. Finally, Sound Income Strategies LLC raised its stake in Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after acquiring an additional 13 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,325 shares of company stock worth $1,116,736. Insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

SMCI stock traded up $9.83 during trading on Thursday, reaching $847.00. 3,197,899 shares of the company were exchanged, compared to its average volume of 6,843,932. The company has a market cap of $47.37 billion, a P/E ratio of 47.48, a PEG ratio of 0.53 and a beta of 1.27. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The stock’s 50 day moving average price is $838.21 and its 200 day moving average price is $757.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several research analyst reports. Loop Capital lifted their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Argus initiated coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $954.38.

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.