State of Tennessee Department of Treasury Has $3.81 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

State of Tennessee Department of Treasury grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 837.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,908 shares of the company's stock after purchasing an additional 111,589 shares during the period. State of Tennessee Department of Treasury's holdings in Super Micro Computer were worth $3,807,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its position in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Down 15.6 %

Shares of SMCI traded down $5.60 during midday trading on Wednesday, hitting $30.40. The stock had a trading volume of 50,791,693 shares, compared to its average volume of 66,088,625. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a 50 day simple moving average of $37.44 and a two-hundred day simple moving average of $35.99. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 15.26 and a beta of 1.22. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

Analyst Ratings Changes

SMCI has been the subject of several research reports. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. Mizuho dropped their price objective on shares of Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday. Citigroup initiated coverage on shares of Super Micro Computer in a research note on Friday, April 25th. They issued a "neutral" rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $50.60.

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.