Blueshift Asset Management LLC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 283.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,081 shares of the company's stock after buying an additional 5,972 shares during the quarter. Blueshift Asset Management LLC's holdings in Super Micro Computer were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $270,000. Benjamin Edwards Inc. purchased a new stake in Super Micro Computer in the third quarter worth $383,000. Parkside Financial Bank & Trust lifted its stake in Super Micro Computer by 2,890.9% in the fourth 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 period. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in Super Micro Computer during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Stock Down 2.6 %
Shares of NASDAQ SMCI traded down $1.08 during midday trading on Tuesday, hitting $40.64. The stock had a trading volume of 57,578,808 shares, compared to its average volume of 73,254,549. The business's 50 day moving average is $38.87 and its 200-day moving average is $37.83. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. 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 $24.12 billion, a P/E ratio of 20.40 and a beta of 1.21.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $35.00 to $45.00 in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Research Report on SMCI
Insiders Place Their Bets
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.
About Super Micro Computer
(
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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