Applied Finance Capital Management LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,260 shares of the company's stock, valued at approximately $313,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Benjamin Edwards Inc. acquired a new stake in shares of Super Micro Computer in the third quarter valued at approximately $383,000. Parkside Financial Bank & Trust boosted 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 purchasing an additional 954 shares during the period. Larson Financial Group LLC grew its position 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 purchasing an additional 893 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter valued at $30,000. Finally, Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 900 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded 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 research note on Monday, March 24th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Finally, Northland Securities set a $70.00 price objective 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 issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus price target of $53.00.
View Our Latest Stock Report on SMCI
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI traded down $0.53 during trading on Friday, hitting $33.15. 27,544,182 shares of the stock were exchanged, compared to its average volume of 73,683,597. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $102.03. The company has a market cap of $19.67 billion, a PE ratio of 16.64 and a beta of 1.22. The company has a fifty day moving average price of $40.16 and a two-hundred day moving average price of $36.81. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.
Insiders Place Their Bets
In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm'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 transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.
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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