Lisanti Capital Growth LLC Lowers Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lisanti Capital Growth LLC decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 83.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,335 shares of the company’s stock after selling 11,740 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Super Micro Computer were worth $664,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SMCI. Allworth Financial LP purchased a new stake in Super Micro Computer in the 3rd quarter valued at about $27,000. Optimum Investment Advisors purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $30,000. Cypress Capital Management LLC WY purchased a new position in shares of Super Micro Computer in the 4th quarter worth $36,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Super Micro Computer in the 3rd quarter worth $39,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 1.3 %

Shares of SMCI traded down $11.06 during trading on Tuesday, reaching $819.29. The company’s stock had a trading volume of 4,072,302 shares, compared to its average volume of 9,531,734. 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 quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a market cap of $45.82 billion, a price-to-earnings ratio of 45.92, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a fifty day moving average of $945.42 and a two-hundred day moving average of $590.67.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of the company’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 sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock valued at $29,950,223 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SMCI. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. JPMorgan Chase & Co. started 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 target price for the company. The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Argus initiated coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective for the company. Finally, Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

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.