Moors & Cabot Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,577.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,270 shares of the company's stock after buying an additional 36,929 shares during the quarter. Moors & Cabot Inc.'s holdings in Super Micro Computer were worth $1,197,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Archer Investment Corp increased its holdings in Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company's stock worth $238,000 after buying an additional 448 shares during the period. Bell Bank acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $259,000. Meridian Wealth Management LLC acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $270,000. Mizuho Markets Cayman LP acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $300,000. Finally, ICICI Prudential Asset Management Co Ltd acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $318,000. Institutional investors and hedge funds own 84.06% of the company's stock.
Super Micro Computer Price Performance
SMCI stock traded up $3.09 during midday trading on Friday, reaching $42.17. The stock had a trading volume of 56,956,090 shares, compared to its average volume of 78,071,141. The company's fifty day simple moving average is $38.01 and its 200 day simple moving average is $38.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $114.78.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Barclays assumed coverage on shares of 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. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Rosenblatt Securities started coverage on shares of Super Micro Computer in a research note on Monday. They issued a "buy" rating and a $60.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $52.57.
Get Our Latest Research Report on Super Micro Computer
Insider Buying and Selling at Super Micro Computer
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was 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 owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.
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.
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