Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 87.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219 shares of the company’s stock after selling 1,539 shares during the period. First Hawaiian Bank’s holdings in Super Micro Computer were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares during the period. Crossmark Global Holdings Inc. raised its position in Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after acquiring an additional 18 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Super Micro Computer by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $229,000 after purchasing an additional 19 shares in the last quarter. Allworth Financial LP grew its position in shares of Super Micro Computer by 28.6% in the fourth 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 period. Finally, Blue Trust Inc. increased its stake in shares of Super Micro Computer by 29.5% during the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 1.3 %

Shares of NASDAQ SMCI opened at $905.26 on Friday. The company has a market capitalization of $50.63 billion, a P/E ratio of 50.74, a P/E/G ratio of 0.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a 50 day simple moving average of $837.95 and a 200-day simple moving average of $722.27. Super Micro Computer, Inc. has a 1 year low of $213.08 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.96 billion. On average, equities research analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SMCI. KeyCorp started coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Wedbush lifted their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. JPMorgan Chase & Co. assumed 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 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $954.38.

Insider Buying and Selling

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction 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 sale, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is currently owned by insiders.

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.