O Shaughnessy Asset Management LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,542 shares of the company's stock, valued at approximately $657,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in SMCI. Clear Creek Financial Management LLC purchased a new stake in Super Micro Computer during the fourth quarter worth $635,000. Nepsis Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter worth $13,625,000. Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Fifth Third Bancorp boosted its position in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after purchasing an additional 11,488 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Super Micro Computer in the fourth quarter valued at about $277,000. 84.06% of the stock is currently owned by institutional investors.
Insider Activity at Super Micro Computer
In related news, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction dated 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 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 represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business'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 completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on SMCI shares. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target on the stock. Rosenblatt Securities began coverage on Super Micro Computer in a report on Monday, March 10th. They set a "buy" rating and a $60.00 price objective for the company. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $53.00.
Check Out Our Latest Stock Report on SMCI
Super Micro Computer Stock Performance
Shares of NASDAQ SMCI traded down $0.53 during trading on Friday, reaching $33.15. 27,544,182 shares of the company traded hands, compared to its average volume of 73,683,597. The stock has a market cap of $19.67 billion, a P/E ratio of 16.64 and a beta of 1.22. The firm's fifty day simple moving average is $40.16 and its 200 day simple moving average is $36.81. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $102.03.
Super Micro Computer Company 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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