Amalgamated Bank Purchases 93,458 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Amalgamated Bank increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 887.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,994 shares of the company's stock after purchasing an additional 93,458 shares during the period. Amalgamated Bank's holdings in Super Micro Computer were worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% in the 4th 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 in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $34,000. Finally, Blue Trust Inc. grew its holdings in shares of Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by insiders.

Super Micro Computer Trading Down 0.6 %

NASDAQ SMCI traded down $0.24 on Wednesday, hitting $38.90. The company's stock had a trading volume of 69,528,322 shares, compared to its average volume of 79,048,000. The company's 50-day moving average is $36.89 and its 200 day moving average is $38.97. The firm has a market cap of $23.09 billion, a PE ratio of 19.53 and a beta of 1.30. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

A number of research firms recently commented on SMCI. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.87.

Super Micro Computer 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.