AI Squared Management Ltd Makes New $2.55 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

AI Squared Management Ltd bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,960 shares of the company's stock, valued at approximately $2,547,000. Super Micro Computer accounts for approximately 3.2% of AI Squared Management Ltd's investment portfolio, making the stock its 9th biggest position.

A number of other large investors also recently added to or reduced their stakes in SMCI. International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. Northern Trust Corp boosted its position in shares of Super Micro Computer by 7.4% during the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company's stock valued at $178,520,000 after acquiring an additional 44,678 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Super Micro Computer during the 3rd quarter valued at approximately $140,751,000. Bank of New York Mellon Corp grew its holdings in shares of Super Micro Computer by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company's stock valued at $133,557,000 after purchasing an additional 20,296 shares in the last quarter. Finally, FMR LLC increased its position in Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company's stock worth $131,444,000 after purchasing an additional 295,835 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Down 2.8 %

SMCI stock traded down $22.94 on Thursday, hitting $799.70. 3,872,975 shares of the company's stock were exchanged, compared to its average volume of 9,404,429. The firm has a 50 day moving average price of $944.91 and a two-hundred day moving average price of $596.29. Super Micro Computer, Inc. has a 12-month low of $131.06 and a 12-month high of $1,229.00. The stock has a market cap of $44.73 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SMCI shares. Susquehanna lifted their target price on Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a report on Tuesday, January 30th. Loop Capital boosted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Argus initiated coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 target price for the company. The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating on the stock in a report on Wednesday, May 1st. Finally, Barclays raised their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average target price of $954.38.

Insider Buying and Selling at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is owned by corporate insiders.

About Super Micro Computer

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.