Mariner LLC increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 323.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,506 shares of the company's stock after purchasing an additional 65,295 shares during the quarter. Mariner LLC's holdings in Super Micro Computer were worth $2,606,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Keystone Financial Group bought a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $251,000. Synovus Financial Corp raised its holdings in Super Micro Computer by 837.4% during the 4th quarter. Synovus Financial Corp now owns 9,983 shares of the company's stock valued at $304,000 after acquiring an additional 8,918 shares during the period. Townsquare Capital LLC lifted its position in shares of Super Micro Computer by 1,376.4% during the fourth quarter. Townsquare Capital LLC now owns 19,296 shares of the company's stock worth $588,000 after acquiring an additional 17,989 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Super Micro Computer by 535.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 151,842 shares of the company's stock worth $4,628,000 after acquiring an additional 127,949 shares during the period. Finally, Sterling Capital Management LLC raised its stake in shares of Super Micro Computer by 787.8% during the 4th quarter. Sterling Capital Management LLC now owns 8,008 shares of the company's stock valued at $244,000 after purchasing an additional 7,106 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Trading Up 8.8 %
NASDAQ SMCI traded up $2.91 during trading on Thursday, hitting $35.81. 50,121,274 shares of the company's stock traded hands, compared to its average volume of 72,294,054. The stock has a fifty day moving average of $38.99 and a two-hundred day moving average of $36.35. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The firm has a market cap of $21.25 billion, a P/E ratio of 17.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated 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 sold 137,473 shares of company stock worth $6,771,552 in the last ninety days. 17.60% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on SMCI shares. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a research note on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $52.57.
Read Our Latest Stock Report on Super Micro Computer
Super Micro Computer 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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