Boothbay Fund Management LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,936 shares of the company's stock, valued at approximately $394,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shelton Capital Management grew its position in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares during the period. AlphaQuest LLC boosted its holdings in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the last quarter. Blue Trust Inc. boosted its stake 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. increased its position in shares of Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after acquiring an additional 865 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the period. Institutional investors own 84.06% of the company's stock.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 trade represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company'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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $55.00 target price on shares of Super Micro Computer in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Citigroup began coverage on shares of Super Micro Computer in a research note on Friday, April 25th. They set a "neutral" rating and a $39.00 target price on the stock. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.73.
Get Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Stock Performance
NASDAQ:SMCI traded up $0.98 during mid-day trading on Friday, reaching $33.71. 45,187,177 shares of the stock were exchanged, compared to its average volume of 71,787,403. 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 1 year low of $17.25 and a 1 year high of $101.40. The company has a 50 day simple moving average of $36.34 and a 200-day simple moving average of $35.76. The stock has a market capitalization of $20.12 billion, a P/E ratio of 16.92 and a beta of 1.22.
About Super Micro Computer
(
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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