OLD Mission Capital LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,901 shares of the company's stock, valued at approximately $637,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $1,031,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 13,170 shares of the company's stock worth $401,000 after buying an additional 11,853 shares during the last quarter. Cannell & Spears LLC acquired a new position in Super Micro Computer in the fourth quarter valued at $8,879,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Super Micro Computer by 916.5% during the fourth quarter. Alliancebernstein L.P. now owns 494,545 shares of the company's stock worth $15,074,000 after purchasing an additional 445,893 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.
Insider Transactions at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of Super Micro Computer 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 completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the 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 have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. 17.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Report on Super Micro Computer
Super Micro Computer Price Performance
SMCI stock traded down $2.50 on Friday, reaching $29.82. 54,337,949 shares of the company's stock were exchanged, compared to its average volume of 73,383,102. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. 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 fifty day moving average of $39.39 and a 200-day moving average of $37.32. The firm has a market cap of $17.70 billion, a PE ratio of 14.97 and a beta of 1.22.
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.
Featured Articles
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
