Public Employees Retirement Association of Colorado purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 53,231 shares of the company's stock, valued at approximately $1,622,000.
Several other institutional investors and hedge funds have also modified their holdings of SMCI. Quarry LP bought a new stake in shares of Super Micro Computer during the fourth quarter worth $34,000. Boothbay Fund Management LLC bought a new stake in Super Micro Computer during the 4th quarter worth $394,000. Virtus ETF Advisers LLC increased its holdings in Super Micro Computer by 1,839.8% in the 4th quarter. Virtus ETF Advisers LLC now owns 24,112 shares of the company's stock worth $735,000 after purchasing an additional 22,869 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Super Micro Computer by 507.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 31,755 shares of the company's stock valued at $968,000 after purchasing an additional 26,525 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Super Micro Computer by 843.7% during the fourth quarter. Voya Investment Management LLC now owns 303,029 shares of the company's stock valued at $9,236,000 after purchasing an additional 270,918 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.
Super Micro Computer Price Performance
Shares of NASDAQ SMCI opened at $31.86 on Thursday. 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's 50-day moving average price is $36.96 and its 200-day moving average price is $35.96. The firm has a market capitalization of $19.01 billion, a P/E ratio of 15.99 and a beta of 1.22. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40.
Insider Buying and Selling
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm'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 disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on SMCI shares. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Mizuho lowered their target price on Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Barclays lowered their price objective on Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating for the company in a research report on Wednesday. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $48.73.
Check Out Our Latest Stock Report on SMCI
About Super Micro Computer
(
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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