Twin Capital Management Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 913.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,788 shares of the company's stock after buying an additional 18,736 shares during the period. Twin Capital Management Inc.'s holdings in Super Micro Computer were worth $634,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of Super Micro Computer by 649.5% in the 4th quarter. Legal & General Group Plc now owns 3,739,323 shares of the company's stock worth $113,975,000 after acquiring an additional 3,240,401 shares during the period. Invesco Ltd. grew its position in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Super Micro Computer by 746.3% in the fourth quarter. Bank of Montreal Can now owns 663,302 shares of the company's stock valued at $20,217,000 after purchasing an additional 584,928 shares during the period. Cerity Partners LLC raised its holdings in shares of Super Micro Computer by 495.0% during the fourth quarter. Cerity Partners LLC now owns 16,106 shares of the company's stock valued at $491,000 after buying an additional 13,399 shares during the last quarter. Finally, FMR LLC bought a new position in Super Micro Computer in the 4th quarter worth approximately $292,869,000. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Trading Down 1.9 %
Super Micro Computer stock traded down $0.63 during midday trading on Friday, reaching $33.05. The stock had a trading volume of 17,766,911 shares, compared to its average volume of 73,341,809. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 16.54 and a beta of 1.22. The firm's fifty day simple moving average is $40.08 and its two-hundred day simple moving average is $36.97.
Insider Activity
In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last quarter. Corporate insiders own 17.60% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on SMCI shares. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. 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, March 21st. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Cfra raised 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. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $53.00.
Check Out Our Latest Research Report on Super Micro Computer
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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