GMT Capital Corp Acquires 144,800 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

GMT Capital Corp raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 6,895.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,900 shares of the company's stock after buying an additional 144,800 shares during the quarter. GMT Capital Corp's holdings in Super Micro Computer were worth $4,478,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Shelton Capital Management increased its holdings in shares of Super Micro Computer by 6.5% in the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after purchasing an additional 480 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares in the last quarter. Montag A & Associates Inc. grew its holdings in shares of Super Micro Computer by 103.6% in the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after acquiring an additional 865 shares during the period. Finally, Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on 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 sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SMCI shares. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered 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. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Super Micro Computer in a research note on Friday. They issued a "neutral" rating and a $39.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $51.67.

Super Micro Computer Trading Up 1.8 %

NASDAQ SMCI traded up $0.66 on Friday, hitting $36.47. 38,037,111 shares of the stock were exchanged, compared to its average volume of 72,269,420. 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 fifty day moving average price of $38.37 and a two-hundred day moving average price of $36.06. The firm has a market capitalization of $21.64 billion, a P/E ratio of 18.31 and a beta of 1.22. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40.

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.