Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 86.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,140 shares of the company's stock after selling 324,232 shares during the quarter. Tower Research Capital LLC TRC's holdings in Super Micro Computer were worth $1,528,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SMCI. World Investment Advisors LLC raised its stake in shares of Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock worth $23,722,000 after buying an additional 56,541 shares during the period. Tidal Investments LLC raised its position in Super Micro Computer by 143.8% during the third quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock worth $20,968,000 after acquiring an additional 29,697 shares during the period. Synovus Financial Corp purchased a new position in Super Micro Computer during the third quarter valued at $443,000. GAMMA Investing LLC grew its position in shares of Super Micro Computer by 1,160.6% in the fourth quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after purchasing an additional 5,838 shares during the period. Finally, Everence Capital Management Inc. raised its position in shares of Super Micro Computer by 1,366.0% during the 4th quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock worth $474,000 after purchasing an additional 14,480 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the business's 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of 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 trade represents a 0.07 % decrease in their ownership of the stock. 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 quarter. Company insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SMCI. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $52.57.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $32.91 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. The business's 50 day moving average is $38.99 and its two-hundred day moving average is $36.35. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40.

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.

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