Super Micro Computer, Inc. (NASDAQ:SMCI) Position Boosted by Portolan Capital Management LLC

Portolan Capital Management LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 446.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,684 shares of the company's stock after acquiring an additional 76,551 shares during the quarter. Portolan Capital Management LLC's holdings in Super Micro Computer were worth $2,855,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SMCI. Vanguard Group Inc. raised its stake in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in Super Micro Computer during the fourth quarter valued at $292,869,000. Invesco Ltd. raised its holdings in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Super Micro Computer by 649.5% in the 4th quarter. Legal & General Group Plc now owns 3,739,323 shares of the company's stock valued at $113,975,000 after buying an additional 3,240,401 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded down $0.40 during trading on Friday, hitting $31.50. The company had a trading volume of 26,880,541 shares, compared to its average volume of 73,159,649. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The business's 50-day moving average is $39.87 and its 200 day moving average is $36.64. The company has a market cap of $18.69 billion, a P/E ratio of 15.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company's 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 137,473 shares of company stock valued at $6,771,552 over the last three months. Company insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $52.57.

Super Micro Computer Company Profile

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.