Bridgewater Associates LP Trims Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Bridgewater Associates LP decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 77.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,321 shares of the company’s stock after selling 124,783 shares during the period. Bridgewater Associates LP’s holdings in Super Micro Computer were worth $1,107,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SMCI. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont increased its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in Super Micro Computer during the fourth quarter valued at about $31,000. 84.06% of the stock is currently owned by institutional investors.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.57.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $31.50 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The firm’s 50-day moving average is $39.73 and its 200 day moving average is $36.57.

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.