Freedom Investment Management Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,369 shares of the company's stock, valued at approximately $1,109,000.
Several other hedge funds have also bought and sold shares of SMCI. Vanguard Group Inc. increased its stake in shares of Super Micro Computer by 908.4% in 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the period. FMR LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at approximately $292,869,000. Invesco Ltd. lifted its position in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Super Micro Computer by 416,945.0% in the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after acquiring an additional 3,752,505 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Trading Up 9.7 %
Shares of SMCI stock traded up $2.97 during trading on Wednesday, hitting $33.55. 40,145,875 shares of the stock traded hands, compared to its average volume of 72,364,816. The firm has a market capitalization of $19.91 billion, a P/E ratio of 16.84 and a beta of 1.22. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm's fifty day moving average price is $39.29 and its 200-day moving average price is $36.38.
Insider Buying and Selling at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of the business'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 value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SMCI. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 price objective for the company. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price for the company. 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 given a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average price target of $52.57.
Read Our Latest Stock Report on SMCI
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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