WINTON GROUP Ltd bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,845 shares of the company's stock, valued at approximately $849,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Super Micro Computer by 1,008.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 851,426 shares of the company's stock valued at $28,378,000 after purchasing an additional 774,586 shares during the last quarter. Korea Investment CORP bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $5,598,000. Tyler Stone Wealth Management acquired a new stake in Super Micro Computer during the fourth quarter worth about $931,000. Arlington Capital Management Inc. boosted its stake in Super Micro Computer by 843.4% in the fourth quarter. Arlington Capital Management Inc. now owns 52,953 shares of the company's stock valued at $1,614,000 after acquiring an additional 47,340 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Super Micro Computer by 1,056.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,629 shares of the company's stock valued at $202,000 after purchasing an additional 6,056 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $45.00 in a report on Friday, March 21st. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price for the company. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.00.
Check Out Our Latest Report on Super Micro Computer
Super Micro Computer Price Performance
Super Micro Computer stock traded up $0.13 on Wednesday, reaching $35.18. The company's stock had a trading volume of 16,530,322 shares, compared to its average volume of 73,173,311. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $105.72. The company has a market cap of $20.88 billion, a price-to-earnings ratio of 17.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business's fifty day moving average price is $39.45 and its 200 day moving average price is $37.58.
Insider Buying and Selling
In other 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. 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 in the last 90 days. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer Company Profile
(
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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