Utah Retirement Systems Buys 73,395 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Utah Retirement Systems lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 900.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,550 shares of the company's stock after purchasing an additional 73,395 shares during the period. Utah Retirement Systems' holdings in Super Micro Computer were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SMCI. Shelton Capital Management raised its holdings in Super Micro Computer by 6.5% in the fourth 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 stake 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 acquiring an additional 762 shares in the last quarter. Blue Trust Inc. lifted its position in Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after acquiring an additional 825 shares during the period. Montag A & Associates Inc. boosted its stake in Super Micro Computer by 103.6% during 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 in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the period. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $33.71 on Friday. The firm has a market capitalization of $20.12 billion, a P/E ratio of 16.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The business has a fifty day moving average of $36.34 and a 200 day moving average of $35.76.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of analyst reports. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays cut their target price on Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of Super Micro Computer in a report on Friday, April 25th. They issued a "neutral" rating and a $39.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.73.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

Super Micro Computer 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.

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