QRG Capital Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

QRG Capital Management Inc. acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,276 shares of the company's stock, valued at approximately $496,000.

A number of other large investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the fourth quarter worth approximately $30,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the 4th quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the 4th quarter valued at $34,000. Finally, Blue Trust Inc. lifted its position in Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Northland Securities reaffirmed an "outperform" rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $61.87.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction 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 transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. 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. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $38.90 on Thursday. The firm has a market capitalization of $23.09 billion, a PE ratio of 19.53 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 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 $122.90. The firm has a 50-day moving average price of $36.89 and a 200 day moving average price of $38.97.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.