UniSuper Management Pty Ltd raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 826.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,840 shares of the company's stock after buying an additional 113,155 shares during the quarter. UniSuper Management Pty Ltd's holdings in Super Micro Computer were worth $3,866,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama grew its stake in Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after buying an additional 258 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock worth $1,127,000 after acquiring an additional 497 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock valued at $544,000 after acquiring an additional 522 shares in the last quarter. Investment Management Corp of Ontario raised its position in shares of Super Micro Computer by 53.0% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock valued at $721,000 after purchasing an additional 600 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SMCI has been the topic of a number of recent analyst reports. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price on the stock. Barclays assumed coverage on 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. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $35.00 to $45.00 in a report on Friday, March 21st. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Three 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.00.
Read Our Latest Research Report on Super Micro Computer
Insider Activity
In other news, SVP George Kao sold 71,720 shares of the 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The stock was 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. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last ninety days. Company insiders own 17.60% of the company's stock.
Super Micro Computer Stock Performance
SMCI stock traded down $0.13 during midday trading on Monday, hitting $34.14. 30,370,893 shares of the stock traded hands, compared to its average volume of 73,385,924. The stock's fifty day simple moving average is $39.33 and its 200-day simple moving average is $37.72. The firm has a market cap of $20.26 billion, a P/E ratio of 17.12 and a beta of 1.21. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $106.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
Super Micro Computer Company Profile
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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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