Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 907.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,585 shares of the company's stock after acquiring an additional 60,879 shares during the quarter. New York Life Investment Management LLC's holdings in Super Micro Computer were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMCI. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the 3rd quarter worth $87,000. Miller Wealth Advisors LLC purchased a new position in Super Micro Computer during the third quarter worth about $152,000. Archer Investment Corp lifted its position in Super Micro Computer by 364.2% in the third quarter. Archer Investment Corp now owns 571 shares of the company's stock valued at $238,000 after purchasing an additional 448 shares during the period. TrueWealth Advisors LLC boosted its holdings in Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company's stock valued at $247,000 after purchasing an additional 295 shares in the last quarter. Finally, Bell Bank purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $259,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were 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. Over the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 4.8 %

Shares of Super Micro Computer stock traded down $1.86 during trading hours on Thursday, reaching $37.04. The stock had a trading volume of 47,135,625 shares, compared to its average volume of 78,258,484. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 18.59 and a beta of 1.21. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $36.89 and a two-hundred day simple moving average of $38.97.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Finally, Northland Securities reissued an "outperform" rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.87.

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.