Diversified Trust Co Sells 814 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Diversified Trust Co lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 48.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 878 shares of the company’s stock after selling 814 shares during the period. Diversified Trust Co’s holdings in Super Micro Computer were worth $719,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SMCI. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. GQG Partners LLC purchased a new stake in Super Micro Computer during the first quarter valued at about $1,325,466,000. Norges Bank bought a new position in Super Micro Computer during the fourth quarter worth about $95,211,000. Principal Financial Group Inc. increased its stake in shares of Super Micro Computer by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock worth $92,771,000 after purchasing an additional 14,959 shares in the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $77,996,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity

In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the firm’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 in the company, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The stock was 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 directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SMCI shares. KeyCorp began coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. The Goldman Sachs Group reduced their price target on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a report on Friday, August 2nd. Finally, Susquehanna increased their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $911.85.

Super Micro Computer Price Performance

NASDAQ SMCI traded down $8.15 during trading hours on Wednesday, reaching $559.28. 2,544,487 shares of the stock traded hands, compared to its average volume of 8,250,931. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a 50 day simple moving average of $778.52 and a two-hundred day simple moving average of $840.88. Super Micro Computer, Inc. has a 1 year low of $226.59 and a 1 year high of $1,229.00. The company has a market cap of $31.28 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 0.56 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm earned $3.43 EPS. The business’s quarterly revenue was up 142.9% compared to the same quarter last year. On average, analysts predict that Super Micro Computer, Inc. will post 29.32 EPS for the current fiscal year.

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.