Super Micro Computer, Inc. (NASDAQ:SMCI) Position Increased by Inspire Advisors LLC

Inspire Advisors LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 569.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,833 shares of the company's stock after buying an additional 7,514 shares during the period. Inspire Advisors LLC's holdings in Super Micro Computer were worth $269,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after purchasing an additional 258 shares during the period. Archer Investment Corp grew its position in Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company's stock worth $238,000 after purchasing an additional 448 shares in the last quarter. Advisors Asset Management Inc. grew its position in Super Micro Computer by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company's stock worth $1,090,000 after purchasing an additional 478 shares in the last quarter. Cerity Partners LLC grew its position in Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock worth $1,127,000 after purchasing an additional 497 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after purchasing an additional 522 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business's stock in a transaction on 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 completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

Super Micro Computer Stock Up 4.0 %

SMCI stock opened at $42.47 on Thursday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $119.80. The company has a fifty day simple moving average of $37.65 and a 200 day simple moving average of $38.18. The firm has a market cap of $25.21 billion, a PE ratio of 21.32 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday. They set a "buy" rating and a $60.00 price objective on the stock. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and a consensus target price of $52.57.

Remove Ads

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.

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.