Alliancebernstein L.P. lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 916.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,545 shares of the company's stock after acquiring an additional 445,893 shares during the quarter. Alliancebernstein L.P. owned approximately 0.08% of Super Micro Computer worth $15,074,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $13,625,000. Sanctuary Advisors LLC raised its position in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. Fifth Third Bancorp boosted its stake in shares of Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after purchasing an additional 11,488 shares during the period. Finally, Oak Thistle LLC acquired a new position in Super Micro Computer during the 4th quarter worth $277,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Analysts Set New Price Targets
SMCI has been the topic of a number of recent research reports. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $35.00 to $45.00 in a report on Friday, March 21st. StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $53.00.
Check Out Our Latest Stock Report on Super Micro Computer
Super Micro Computer Stock Performance
Super Micro Computer stock traded down $0.53 during trading on Friday, hitting $33.15. The stock had a trading volume of 27,544,182 shares, compared to its average volume of 73,522,795. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 16.64 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average is $40.16 and its two-hundred day moving average is $36.88.
Insiders Place Their Bets
In other news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer 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 approximately $981,785.52. This trade represents a 78.67 % decrease in their position. 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. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer Company Profile
(
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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