Cannell & Spears LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 291,290 shares of the company's stock, valued at approximately $8,879,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC grew its position in shares of Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock worth $1,127,000 after buying an additional 497 shares in the last quarter. Townsquare Capital LLC lifted its stake in Super Micro Computer by 66.5% in the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after acquiring an additional 522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Super Micro Computer by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company's stock worth $6,377,000 after acquiring an additional 2,403 shares in the last quarter. Captrust Financial Advisors increased its position in Super Micro Computer by 132.2% during the 3rd quarter. Captrust Financial Advisors now owns 18,905 shares of the company's stock valued at $7,872,000 after purchasing an additional 10,763 shares during the period. Finally, Verition Fund Management LLC increased its position in Super Micro Computer by 296.0% during the 3rd quarter. Verition Fund Management LLC now owns 15,213 shares of the company's stock valued at $6,335,000 after purchasing an additional 11,371 shares during the period. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Price Performance
SMCI traded up $0.81 during midday trading on Tuesday, hitting $35.05. 41,604,802 shares of the company traded hands, compared to its average volume of 73,394,634. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. The business has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $37.65. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $105.72.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SMCI. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target for the company. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $53.00.
Check Out Our Latest Research Report on Super Micro Computer
Insider Activity at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of the business'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 approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was 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. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.
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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