Arlington Capital Management Inc. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 843.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,953 shares of the company's stock after buying an additional 47,340 shares during the quarter. Super Micro Computer makes up about 1.1% of Arlington Capital Management Inc.'s holdings, making the stock its 20th largest position. Arlington Capital Management Inc.'s holdings in Super Micro Computer were worth $1,614,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont increased its position in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of 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. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Stock Down 0.5 %
Shares of NASDAQ SMCI traded down $0.16 during midday trading on Friday, reaching $34.56. 35,188,902 shares of the company's stock were exchanged, compared to its average volume of 73,360,426. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90. The business's fifty day moving average price is $39.27 and its two-hundred day moving average price is $37.79. The stock has a market capitalization of $20.51 billion, a PE ratio of 17.35 and a beta of 1.21.
Insider Buying and Selling at Super Micro Computer
In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on 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 in the company, 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. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last three months. Corporate insiders own 17.60% of the company's stock.
Analyst Upgrades and Downgrades
SMCI has been the subject of several recent analyst reports. 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 research note on Friday, February 28th. Barclays initiated coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target on the stock. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus price target of $53.00.
Read Our Latest Research Report on SMCI
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.
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