Jump Financial LLC Buys 48,348 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Jump Financial LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 210.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,338 shares of the company's stock after purchasing an additional 48,348 shares during the period. Jump Financial LLC's holdings in Super Micro Computer were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its position in shares of Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after buying an additional 258 shares in the last quarter. Shelton Capital Management grew its position in shares of Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after purchasing an additional 480 shares during the period. AlphaQuest LLC increased its stake in shares of Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. boosted its holdings in Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after buying an additional 825 shares during the last quarter. Finally, Montag A & Associates Inc. increased its stake in Super Micro Computer by 103.6% during the 4th quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after buying an additional 865 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 2.8 %

Shares of NASDAQ SMCI traded up $0.83 during midday trading on Tuesday, hitting $30.34. The stock had a trading volume of 11,498,896 shares, compared to its average volume of 72,492,389. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $39.53 and a 200 day moving average price of $36.42. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 15.27 and a beta of 1.22.

Insider Activity

In related news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last three months. Corporate insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SMCI. Northland Securities set a $70.00 price objective on Super Micro Computer in a research note on Thursday, March 6th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $52.57.

About Super Micro Computer

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.