MetLife Investment Management LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 910.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,979 shares of the company's stock after purchasing an additional 139,642 shares during the quarter. MetLife Investment Management LLC's holdings in Super Micro Computer were worth $4,724,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of SMCI. Vanguard Group Inc. lifted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 914.7% during the fourth 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 last quarter. FMR LLC bought a new position in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. boosted its holdings in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares during the period. Finally, Marshall Wace LLP increased its position in Super Micro Computer by 416,945.0% during the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock worth $114,404,000 after acquiring an additional 3,752,505 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on SMCI. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. Barclays assumed 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 price objective on the stock. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, ten have issued 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, the stock presently has a consensus rating of "Hold" and an average target price of $51.67.
Read Our Latest Analysis on SMCI
Super Micro Computer Trading Down 2.4 %
Shares of SMCI stock traded down $0.91 during trading hours on Tuesday, hitting $36.36. 11,553,851 shares of the company were exchanged, compared to its average volume of 71,913,573. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The company has a 50 day simple moving average of $37.91 and a two-hundred day simple moving average of $35.99. The firm has a market cap of $21.58 billion, a P/E ratio of 18.25 and a beta of 1.22.
Insider Buying and Selling at Super Micro Computer
In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer 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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