State of Tennessee Department of Treasury Buys 111,589 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

State of Tennessee Department of Treasury increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 837.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,908 shares of the company's stock after buying an additional 111,589 shares during the quarter. State of Tennessee Department of Treasury's holdings in Super Micro Computer were worth $3,807,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC bought a new position in Super Micro Computer during the 4th quarter worth approximately $292,869,000. Invesco Ltd. increased its position 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 buying an additional 6,810,082 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Super Micro Computer by 416,945.0% in the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after buying an additional 3,752,505 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Up 1.8 %

NASDAQ:SMCI traded up $0.66 during trading hours on Friday, hitting $36.47. 38,037,111 shares of the company traded hands, compared to its average volume of 72,269,420. 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 company has a market cap of $21.64 billion, a PE ratio of 18.31 and a beta of 1.22. The firm's 50-day simple moving average is $38.37 and its 200-day simple moving average is $36.06. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SMCI. Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have issued 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, the stock currently has a consensus rating of "Hold" and an average price target of $51.67.

Insider Activity at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction 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 SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. 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 ninety days. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer 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.