21,546 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 21,546 shares of the company's stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMCI. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Super Micro Computer by 914.7% in 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. Charles Schwab Investment Management Inc. grew its position in shares of Super Micro Computer by 968.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after buying an additional 3,309,398 shares during the period. Bank of New York Mellon Corp increased its position in Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Finally, State Street Corp grew its position in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company's stock valued at $890,322,000 after purchasing an additional 88,692 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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Super Micro Computer Trading Up 0.4 %

SMCI stock traded up $0.12 during mid-day trading on Tuesday, reaching $33.12. 45,595,153 shares of the stock traded hands, compared to its average volume of 71,630,703. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $102.03. The stock's fifty day moving average is $39.47 and its 200-day moving average is $37.25. 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 $19.66 billion, a P/E ratio of 16.58 and a beta of 1.22.

Insider Transactions 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 shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction that occurred on 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 owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % 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 in the last three months. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on SMCI. Cfra upgraded shares of 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. Barclays began coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average price target of $53.00.

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.