Shell Asset Management Co. Has $458,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Shell Asset Management Co. reduced its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 62.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 453 shares of the company’s stock after selling 759 shares during the period. Shell Asset Management Co.’s holdings in Super Micro Computer were worth $458,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 acquiring an additional 1,265,542 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. GQG Partners LLC acquired a new position in Super Micro Computer in the first quarter worth $1,325,466,000. Norges Bank bought a new stake in shares of Super Micro Computer during the fourth quarter worth $95,211,000. Finally, Principal Financial Group Inc. raised its holdings 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 valued at $92,771,000 after buying an additional 14,959 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research analyst reports. 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, May 1st. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research note on Wednesday, July 10th. 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. Wedbush upped their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Susquehanna lifted their target price on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $999.92.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’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 owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of the 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 sale, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 over the last three months. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Up 2.4 %

NASDAQ:SMCI opened at $712.19 on Friday. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 1-year low of $226.59 and a 1-year high of $1,229.00. The firm has a market capitalization of $39.83 billion, a price-to-earnings ratio of 39.92, a PEG ratio of 0.44 and a beta of 1.27. The business’s 50-day moving average price is $837.57 and its two-hundred day moving average price is $816.66.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business 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%. On average, equities analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current 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.