Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 25.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,988 shares of the company’s stock after selling 10,401 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Super Micro Computer were worth $30,306,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $33,000. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $35,000. VitalStone Financial LLC increased its holdings in shares of Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after buying an additional 25 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 0.6 %

SMCI stock traded down $4.42 during midday trading on Thursday, hitting $707.14. The company’s stock had a trading volume of 5,861,155 shares, compared to its average volume of 8,315,110. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00. The firm has a market capitalization of $39.55 billion, a P/E ratio of 39.57, a PEG ratio of 0.49 and a beta of 1.27. The firm has a 50-day simple moving average of $845.26 and a 200-day simple moving average of $814.76.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations 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, equities analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Susquehanna lifted their target price on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a report on Monday, July 15th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. KeyCorp initiated coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Finally, Loop Capital lifted their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $999.92.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, 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 completion of the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last three months, insiders sold 1,325 shares of company stock valued at $1,116,736. Insiders own 17.60% of the company’s stock.

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.