United Services Automobile Association Acquires Shares of 11,450 Super Micro Computer, Inc. (NASDAQ:SMCI)

United Services Automobile Association purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,450 shares of the company's stock, valued at approximately $349,000.

Several other large investors have also modified their holdings of SMCI. Retirement Systems of Alabama lifted its holdings in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after buying an additional 258 shares during the period. Advisors Asset Management Inc. raised its position in Super Micro Computer by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company's stock worth $1,090,000 after acquiring an additional 478 shares in the last quarter. Cerity Partners LLC lifted its holdings in Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after acquiring an additional 497 shares during the period. Townsquare Capital LLC boosted its position in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after purchasing an additional 522 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its stake in shares of Super Micro Computer by 53.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock worth $721,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays assumed coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. 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. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Three 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 stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $53.00.

Super Micro Computer Trading Down 2.6 %

Shares of Super Micro Computer stock traded down $1.08 during trading hours on Tuesday, reaching $40.64. 57,578,808 shares of the company's stock were exchanged, compared to its average volume of 73,266,927. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The company has a fifty day moving average of $39.07 and a 200-day moving average of $37.83. 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 firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21.

Super Micro Computer Company Profile

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.