Generali Asset Management SPA SGR bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,000 shares of the company's stock, valued at approximately $640,000.
A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. Meridian Wealth Management LLC acquired a new position in Super Micro Computer in the 3rd quarter valued at about $270,000. Benjamin Edwards Inc. acquired a new position in shares of Super Micro Computer in the third quarter valued at approximately $383,000. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in 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 buying an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $30,000. 84.06% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Stock Performance
Shares of Super Micro Computer stock traded down $0.43 on Monday, reaching $41.72. 84,875,208 shares of the stock were exchanged, compared to its average volume of 73,254,721. The firm has a market capitalization of $24.76 billion, a PE ratio of 20.94 and a beta of 1.21. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $110.61. The business has a fifty day moving average price of $38.66 and a two-hundred day moving average price of $37.84. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.
Analyst Upgrades and Downgrades
SMCI has been the topic of several analyst reports. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the company from $40.00 to $32.00 in a report on Monday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Report on SMCI
Insiders Place Their Bets
In related news, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.
About Super Micro Computer
(
Free Report)
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.
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