PDT Partners LLC Invests $3.66 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

PDT Partners LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 120,100 shares of the company's stock, valued at approximately $3,661,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Shelton Capital Management grew its position in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after acquiring an additional 480 shares during the last quarter. AlphaQuest LLC grew its position in Super Micro Computer by 233.0% during the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after buying an additional 762 shares during the period. Blue Trust Inc. grew its position in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after buying an additional 825 shares during the period. Montag A & Associates Inc. grew its position in shares of Super Micro Computer by 103.6% in the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 865 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $4.14 on Wednesday, reaching $31.86. 97,678,989 shares of the company were exchanged, compared to its average volume of 72,187,111. 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 company's 50-day moving average is $36.96 and its two-hundred day moving average is $35.96. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 15.99 and a beta of 1.22. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40.

Analyst Upgrades and Downgrades

Several research firms have commented on SMCI. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $55.00 target price on shares of Super Micro Computer in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $48.73.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % 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 worth $6,771,552 in the last three months. 17.60% of the stock is owned by company insiders.

Super Micro Computer Company 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.