X Square Capital LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,000 shares of the company's stock, valued at approximately $853,000.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Super Micro Computer by 968.4% during the 4th 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after buying an additional 2,616,757 shares during the last quarter. State Street Corp lifted its holdings in shares of Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company's stock worth $890,322,000 after buying an additional 88,692 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock worth $45,379,000 after acquiring an additional 1,332,400 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.
Super Micro Computer Trading Down 1.3 %
Shares of NASDAQ SMCI traded down $0.46 during trading hours on Friday, reaching $34.26. The stock had a trading volume of 45,374,718 shares, compared to its average volume of 73,553,289. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.21. The business's fifty day moving average price is $39.33 and its two-hundred day moving average price is $37.75. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.
Wall Street Analyst Weigh In
SMCI has been the topic of several research analyst reports. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target on the stock. Three 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.00.
Read Our Latest Analysis on SMCI
Insider Activity at Super Micro Computer
In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the company'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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.
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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