Geode Capital Management LLC raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 914.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,846,717 shares of the company's stock after buying an additional 11,580,677 shares during the quarter. Geode Capital Management LLC owned about 2.19% of Super Micro Computer worth $390,572,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in SMCI. Benjamin Edwards Inc. acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth $30,000. Finally, Trust Co. of Vermont lifted its stake in shares of 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 during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Super Micro Computer Stock Down 7.7 %
NASDAQ SMCI traded down $2.50 on Friday, hitting $29.82. 54,337,949 shares of the company were exchanged, compared to its average volume of 73,383,102. 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 company has a market cap of $17.70 billion, a PE ratio of 14.97 and a beta of 1.22. The stock has a fifty day moving average of $39.39 and a 200-day moving average of $37.42. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $102.03.
Insider Transactions at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last 90 days. 17.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
SMCI has been the topic of a number of research reports. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective on the stock. Three investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.00.
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About Super Micro Computer
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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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