Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC reduced its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29 shares of the company’s stock after selling 13 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Super Micro Computer were worth $29,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SMCI. Fox Hill Wealth Management purchased a new position in shares of Super Micro Computer during the 1st quarter valued at $326,000. First Bank & Trust bought a new stake in Super Micro Computer during the first quarter valued at about $2,119,000. Griffin Asset Management Inc. acquired a new stake in shares of Super Micro Computer in the first quarter worth $663,000. Astoria Portfolio Advisors LLC. increased its position in shares of Super Micro Computer by 16.4% during the first quarter. Astoria Portfolio Advisors LLC. now owns 469 shares of the company’s stock valued at $474,000 after purchasing an additional 66 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new position in Super Micro Computer during the first quarter worth about $539,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $812.32 on Tuesday. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The stock has a market capitalization of $45.43 billion, a P/E ratio of 45.53, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. 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 business’s 50 day simple moving average is $834.86 and its two-hundred day simple moving average is $752.74.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping 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 business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SMCI. Northland Securities raised their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Wells Fargo & Company dropped their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Loop Capital boosted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Finally, Wedbush raised their price target on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $954.38.

Insider Activity

In other Super Micro Computer news, 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 transaction of $419,585.00. Following the completion of the transaction, the director now 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 through this hyperlink. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer 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 transaction, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s 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 sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,325 shares of company stock worth $1,116,736. Corporate 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.