Mizuho Securities USA LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,361.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,729 shares of the company's stock after acquiring an additional 44,463 shares during the quarter. Mizuho Securities USA LLC's holdings in Super Micro Computer were worth $1,455,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of SMCI. Virtu Financial LLC acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $484,000. Mindset Wealth Management LLC raised its holdings in Super Micro Computer by 973.0% in the 4th quarter. Mindset Wealth Management LLC now owns 16,546 shares of the company's stock valued at $504,000 after acquiring an additional 15,004 shares in the last quarter. MRP Capital Investments LLC grew its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,500 shares of the company's stock worth $46,000 after purchasing an additional 1,350 shares in the last quarter. Independent Solutions Wealth Management LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $257,000. Finally, Blueshift Asset Management LLC raised its stake in shares of Super Micro Computer by 283.2% in the fourth quarter. Blueshift Asset Management LLC now owns 8,081 shares of the company's stock valued at $246,000 after purchasing an additional 5,972 shares in the last quarter. 84.06% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on SMCI shares. Barclays initiated coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $35.00 to $45.00 in a report on Friday, March 21st. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have issued 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, Super Micro Computer has a consensus rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Stock Report on Super Micro Computer
Insider Activity
In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was 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. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.
Super Micro Computer Trading Up 0.2 %
SMCI stock traded up $0.07 during trading on Friday, hitting $34.79. The company had a trading volume of 29,935,247 shares, compared to its average volume of 73,341,943. The firm has a 50-day moving average price of $39.27 and a 200-day moving average price of $37.79. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $106.90. 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 stock has a market cap of $20.65 billion, a price-to-earnings ratio of 17.40 and a beta of 1.21.
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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