Virtu Financial LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,866 shares of the company's stock, valued at approximately $484,000.
Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock valued at $111,287,000 after buying an additional 3,309,398 shares during the period. Bank of New York Mellon Corp grew its holdings 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 worth $89,752,000 after acquiring an additional 2,616,757 shares during the last quarter. Swiss National Bank raised its holdings in Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock worth $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Amundi acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock worth $40,143,000 after purchasing an additional 1,192,366 shares in the last quarter. 84.06% of the stock is owned by institutional investors.
Super Micro Computer Stock Performance
Shares of SMCI traded up $0.07 during mid-day trading on Friday, hitting $34.79. The stock had a trading volume of 29,935,247 shares, compared to its average volume of 73,341,943. 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 $20.65 billion, a P/E ratio of 17.40 and a beta of 1.21. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $106.90. The business has a fifty day moving average price of $39.27 and a 200-day moving average price of $37.79.
Analysts Set New Price Targets
Several analysts have issued reports on SMCI shares. JPMorgan Chase & Co. raised 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 note on Friday, March 21st. Rosenblatt Securities began coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $53.00.
Read Our Latest Stock Analysis on SMCI
Insider Activity at Super Micro Computer
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction 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 sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.
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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