Teachers Retirement System of The State of Kentucky boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 766.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,363 shares of the company's stock after purchasing an additional 33,049 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Super Micro Computer were worth $1,139,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Super Micro Computer by 2,890.9% during 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 grew its stake in shares of Super Micro Computer by 902.0% during 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 purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $31,000. Institutional investors own 84.06% of the company's stock.
Insiders Place Their Bets
In related news, Director Robert L. Blair sold 19,460 shares of the 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm's 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 completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. 17.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Mizuho cut their price objective on shares of Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday. Barclays began coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Citigroup assumed coverage on Super Micro Computer in a report on Friday, April 25th. They set a "neutral" rating and a $39.00 price target for the company. Finally, The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $50.40.
View Our Latest Analysis on SMCI
Super Micro Computer Price Performance
Shares of SMCI stock traded down $4.98 during trading hours on Wednesday, hitting $31.02. The stock had a trading volume of 80,488,164 shares, compared to its average volume of 66,473,563. 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 stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 15.57 and a beta of 1.22. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The stock's 50-day moving average price is $37.44 and its two-hundred day moving average price is $35.99.
Super Micro Computer Profile
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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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