Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Northern Trust Corp

Northern Trust Corp trimmed its position in Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 455,557 shares of the company’s stock after selling 1,698 shares during the period. Northern Trust Corp owned approximately 0.89% of Super Micro Computer worth $20,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Super Micro Computer by 403.6% in the third quarter. Renaissance Technologies LLC now owns 62,140 shares of the company’s stock worth $2,272,000 after purchasing an additional 49,800 shares during the period. Qube Research & Technologies Ltd lifted its position in Super Micro Computer by 133.5% in the fourth quarter. Qube Research & Technologies Ltd now owns 30,493 shares of the company’s stock worth $1,340,000 after purchasing an additional 17,434 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at $204,000. Caxton Associates LP bought a new position in shares of Super Micro Computer in the third quarter valued at $298,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Super Micro Computer by 228.5% in the third quarter. Two Sigma Advisers LP now owns 108,400 shares of the company’s stock valued at $3,964,000 after buying an additional 75,400 shares in the last quarter. Hedge funds and other institutional investors own 69.00% of the company’s stock.

Shares of NASDAQ:SMCI opened at $52.35 on Friday. The company’s fifty day moving average is $42.22 and its two-hundred day moving average is $42.05. The company has a quick ratio of 0.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. Super Micro Computer, Inc. has a 12-month low of $32.88 and a 12-month high of $58.34. The company has a market cap of $2.72 billion, a P/E ratio of 15.26 and a beta of 1.19.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.43. Super Micro Computer had a net margin of 3.96% and a return on equity of 15.92%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 51.3% on a year-over-year basis. Equities research analysts anticipate that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

In other news, CEO Charles Liang sold 5,388 shares of the business’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $42.00, for a total transaction of $226,296.00. Following the transaction, the chief executive officer now directly owns 45,305 shares in the company, valued at approximately $1,902,810. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 16.70% of the company’s stock.

Several research analysts have issued reports on SMCI shares. Loop Capital upped their price target on Super Micro Computer from $60.00 to $100.00 in a report on Wednesday, May 4th. Northland Securities upped their price target on Super Micro Computer from $70.00 to $85.00 in a report on Wednesday, May 4th. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday, April 22nd. Finally, StockNews.com started coverage on shares of Super Micro Computer in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

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 server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

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

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