APG Asset Management N.V. bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 311,223 shares of the company's stock, valued at approximately $9,161,000. APG Asset Management N.V. owned 0.05% of Super Micro Computer as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont increased its holdings 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 worth $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust raised 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 acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer in the fourth quarter worth approximately $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SMCI has been the subject of several analyst reports. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded 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 note on Tuesday, February 11th. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Three equities 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. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Research Report on Super Micro Computer
Super Micro Computer Stock Performance
SMCI stock traded up $0.42 during midday trading on Tuesday, hitting $33.54. The stock had a trading volume of 15,794,157 shares, compared to its average volume of 73,295,850. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 16.84 and a beta of 1.22. 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 stock has a 50-day simple moving average of $40.19 and a 200 day simple moving average of $36.76. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03.
Insider Transactions at Super Micro Computer
In related news, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was 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. In the last three months, insiders sold 137,473 shares of company stock valued at $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.
Recommended Stories
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
