Monument Capital Management Decreases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Monument Capital Management trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,701 shares of the company’s stock after selling 3,598 shares during the quarter. Super Micro Computer comprises about 1.4% of Monument Capital Management’s investment portfolio, making the stock its 15th largest holding. Monument Capital Management’s holdings in Super Micro Computer were worth $4,748,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SMCI. Optimum Investment Advisors purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $33,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $35,000. Finally, Allworth Financial LP raised its position in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after purchasing an additional 28 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SMCI has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. Argus initiated coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target for the company. Northland Securities raised their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, KeyCorp initiated coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating for the company. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Price Performance

SMCI stock traded up $3.98 during midday trading on Wednesday, reaching $841.15. The stock had a trading volume of 1,690,086 shares, compared to its average volume of 8,561,535. The company’s fifty day simple moving average is $836.36 and its 200 day simple moving average is $756.52. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The company has a market cap of $47.05 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. Super Micro Computer, Inc. has a 52-week low of $226.59 and a 52-week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data 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. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction 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 owns 18,887 shares in the company, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were 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 owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock worth $1,116,736 in the last quarter. Company 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.