MetLife Investment Management LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 910.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,979 shares of the company's stock after acquiring an additional 139,642 shares during the quarter. MetLife Investment Management LLC's holdings in Super Micro Computer were worth $4,724,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Norinchukin Bank The purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $692,000. Ossiam purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $240,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Super Micro Computer by 7,914.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 105,796 shares of the company's stock valued at $3,225,000 after purchasing an additional 104,476 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Super Micro Computer during the 4th quarter worth $8,991,000. Finally, Freedom Investment Management Inc. purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $1,109,000. Institutional investors and hedge funds own 84.06% of the company's stock.
Wall Street Analyst Weigh In
SMCI has been the topic of several research reports. Citigroup assumed coverage on shares of Super Micro Computer in a research report on Friday. They issued a "neutral" rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Finally, Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $51.67.
Get Our Latest Analysis on Super Micro Computer
Insider Buying and Selling
In related news, SVP George Kao sold 71,720 shares of the company'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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred 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. Over the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer Price Performance
NASDAQ:SMCI traded up $0.66 during trading hours on Friday, hitting $36.47. The stock had a trading volume of 38,037,111 shares, compared to its average volume of 72,269,420. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of 18.31 and a beta of 1.22. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a 50 day simple moving average of $38.37 and a two-hundred day simple moving average of $36.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
Super Micro Computer Company Profile
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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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