Maryland State Retirement & Pension System purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,424 shares of the company's stock, valued at approximately $836,000.
A number of other hedge funds have also recently made changes to their positions in the business. Xponance Inc. lifted its stake in shares of Super Micro Computer by 980.2% in the 4th quarter. Xponance Inc. now owns 122,053 shares of the company's stock valued at $3,720,000 after acquiring an additional 110,754 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $640,000. Horizon Investments LLC grew its holdings in shares of Super Micro Computer by 908.7% in the fourth quarter. Horizon Investments LLC now owns 6,879 shares of the company's stock worth $210,000 after purchasing an additional 6,197 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Super Micro Computer by 8.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 21,357 shares of the company's stock worth $651,000 after buying an additional 1,597 shares during the period. Finally, Petra Financial Advisors Inc. raised its holdings in Super Micro Computer by 147.9% during the 4th quarter. Petra Financial Advisors Inc. now owns 8,703 shares of the company's stock valued at $265,000 after buying an additional 5,193 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.
Insider Activity at Super Micro Computer
In related news, SVP George Kao sold 71,720 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm'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 a total of 137,473 shares of company stock valued at $6,771,552 in the last 90 days. Corporate insiders own 17.60% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $35.00 to $45.00 in a report on Friday. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $53.00.
Get Our Latest Analysis on Super Micro Computer
Super Micro Computer Stock Down 3.0 %
NASDAQ SMCI traded down $1.24 during trading hours on Tuesday, reaching $40.48. 43,738,103 shares of the company's stock traded hands, compared to its average volume of 73,254,549. The firm has a 50-day simple moving average of $38.87 and a 200 day simple moving average of $37.83. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The firm has a market cap of $24.03 billion, a PE ratio of 20.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
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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