American International Group Inc. Cuts Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

American International Group Inc. trimmed its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,343 shares of the company’s stock after selling 1,773 shares during the period. American International Group Inc.’s holdings in Super Micro Computer were worth $24,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $55,943,000. Natixis Advisors L.P. lifted its position in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. grew its stake in shares of Super Micro Computer by 2.7% during the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after acquiring an additional 134 shares during the period. Truist Financial Corp bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $739,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Super Micro Computer by 154.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after acquiring an additional 2,870 shares during the period. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp started coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Loop Capital upped their price target 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $26.56 during trading hours on Friday, reaching $844.54. 6,598,781 shares of the company’s stock were exchanged, compared to its average volume of 5,620,551. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a 1 year low of $213.08 and a 1 year high of $1,229.00. The company has a market cap of $47.24 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. The company’s 50 day moving average is $838.49 and its two-hundred day moving average is $703.17.

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

Insider Buying and Selling

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer 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.