Sei Investments Co. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 617.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,422 shares of the company's stock after purchasing an additional 29,621 shares during the period. Sei Investments Co.'s holdings in Super Micro Computer were worth $1,049,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont boosted its position in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Stock Performance
SMCI traded down $0.53 on Friday, reaching $33.15. The company had a trading volume of 27,544,182 shares, compared to its average volume of 73,522,790. The stock has a market cap of $19.67 billion, a P/E ratio of 16.64 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. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $102.03. The company's fifty day moving average is $40.16 and its 200 day moving average is $36.88.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SMCI. 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. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $35.00 to $45.00 in a report on Friday, March 21st. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. The Goldman Sachs Group downgraded 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. Finally, Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $53.00.
Get Our Latest Report on Super Micro Computer
Insider Transactions at Super Micro Computer
In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. 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 company's 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 completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. Company insiders own 17.60% of the company's stock.
Super Micro Computer Company Profile
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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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