Los Angeles Capital Management LLC Sells 1,421 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Los Angeles Capital Management LLC decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,780 shares of the company’s stock after selling 1,421 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Super Micro Computer were worth $1,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP acquired a new position in Super Micro Computer in the 3rd quarter valued at about $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer during the 4th quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $30,000. Cypress Capital Management LLC WY bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $36,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of Super Micro Computer in the third quarter valued at about $39,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,252 shares of company stock worth $29,950,223. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 1.3 %

SMCI opened at $819.29 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $131.06 and a twelve month high of $1,229.00. The company has a fifty day moving average of $945.42 and a 200-day moving average of $590.67. The stock has a market cap of $45.82 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

Several brokerages recently issued reports on SMCI. Susquehanna boosted their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Barclays upped their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. KeyCorp started coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating for the company. Loop Capital raised their target price on 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, Argus began coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

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.