Virtus ETF Advisers LLC Has $735,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Virtus ETF Advisers LLC lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,839.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,112 shares of the company's stock after purchasing an additional 22,869 shares during the quarter. Virtus ETF Advisers LLC's holdings in Super Micro Computer were worth $735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. boosted its stake in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Super Micro Computer by 416,945.0% in the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after acquiring an additional 3,752,505 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of SMCI traded down $1.27 during midday trading on Tuesday, hitting $36.00. The company's stock had a trading volume of 40,123,954 shares, compared to its average volume of 72,088,968. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of 18.07 and a beta of 1.22. The company's fifty day simple moving average is $37.91 and its two-hundred day simple moving average is $35.99.

Analyst Ratings Changes

SMCI has been the subject of a number of analyst reports. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $51.67.

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.