NEOS Investment Management LLC Purchases Shares of 12,384 Super Micro Computer, Inc. (NASDAQ:SMCI)

NEOS Investment Management LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,384 shares of the company's stock, valued at approximately $377,000.

Several other hedge funds have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after purchasing an additional 497 shares in the last quarter. Townsquare Capital LLC raised its position in Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock valued at $544,000 after buying an additional 522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Super Micro Computer by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company's stock worth $6,377,000 after acquiring an additional 2,403 shares in the last quarter. Captrust Financial Advisors boosted its position in Super Micro Computer by 132.2% during the 3rd quarter. Captrust Financial Advisors now owns 18,905 shares of the company's stock worth $7,872,000 after acquiring an additional 10,763 shares during the period. Finally, Verition Fund Management LLC boosted its position in Super Micro Computer by 296.0% during the 3rd quarter. Verition Fund Management LLC now owns 15,213 shares of the company's stock worth $6,335,000 after acquiring an additional 11,371 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 Stock Performance

Super Micro Computer stock traded up $0.81 during trading hours on Tuesday, reaching $35.05. 41,604,802 shares of the company were exchanged, compared to its average volume of 73,394,634. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $105.72. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $39.45 and a 200 day moving average of $37.58.

Analyst Ratings Changes

SMCI has been the subject of a number of research analyst reports. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Finally, Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 price objective for the company. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $53.00.

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.