Wellington Management Group LLP Buys 30,525 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Management Group LLP boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 461.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,133 shares of the company's stock after purchasing an additional 30,525 shares during the period. Wellington Management Group LLP's holdings in Super Micro Computer were worth $1,132,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont raised its position in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity

In other 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 directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were 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. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

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Super Micro Computer Trading Up 1.1 %

Shares of NASDAQ:SMCI traded up $0.36 during midday trading on Tuesday, hitting $33.48. 26,940,217 shares of the stock were exchanged, compared to its average volume of 73,340,690. The business's 50-day moving average price is $40.19 and its 200 day moving average price is $36.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $102.03. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 16.81 and a beta of 1.22.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research analyst reports. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. Three equities 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. According to 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 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.