New Age Alpha Advisors LLC Purchases Shares of 96,357 Super Micro Computer, Inc. (NASDAQ:SMCI)

New Age Alpha Advisors LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 96,357 shares of the company's stock, valued at approximately $2,937,000.

Several other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its position in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after buying an additional 258 shares during the last quarter. Cerity Partners LLC lifted its holdings in Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after purchasing an additional 497 shares during the last quarter. Townsquare Capital LLC boosted its position in Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after purchasing an additional 522 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of Super Micro Computer by 53.0% in the third quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock valued at $721,000 after purchasing an additional 600 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SMCI has been the subject of several research reports. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $53.00.

Super Micro Computer Price Performance

Shares of SMCI traded down $0.02 during mid-day trading on Monday, reaching $34.24. The company had a trading volume of 43,729,458 shares, compared to its average volume of 73,434,599. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company's 50 day simple moving average is $39.33 and its 200 day simple moving average is $37.72. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $106.90.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. Insiders own 17.60% of the company's stock.

About Super Micro Computer

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.