MML Investors Services LLC Purchases 86,631 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

MML Investors Services LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 693.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,129 shares of the company's stock after buying an additional 86,631 shares during the quarter. MML Investors Services LLC's holdings in Super Micro Computer were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC boosted its stake in Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. Tidal Investments LLC raised its holdings in Super Micro Computer by 143.8% during the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock worth $20,968,000 after buying an additional 29,697 shares during the period. Synovus Financial Corp purchased a new position in Super Micro Computer during the 3rd quarter valued at about $443,000. GAMMA Investing LLC grew its stake in shares of Super Micro Computer by 1,160.6% in the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after buying an additional 5,838 shares in the last quarter. Finally, Everence Capital Management Inc. grew its holdings in Super Micro Computer by 1,366.0% in the 4th quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock valued at $474,000 after buying an additional 14,480 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

NASDAQ SMCI traded up $0.95 during trading on Thursday, hitting $32.81. 28,355,105 shares of the company's stock traded hands, compared to its average volume of 72,024,120. 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 stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 16.48 and a beta of 1.22. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The business has a 50 day moving average of $36.96 and a 200-day moving average of $35.96.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced 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 report on Wednesday. The Goldman Sachs Group cut 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 report on Monday, March 24th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays dropped their price target on shares of Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $55.00 target price on shares of Super Micro Computer in a report on Wednesday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $48.73.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $828,606.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.

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.