Virtus ETF Advisers LLC boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,839.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,112 shares of the company's stock after buying an additional 22,869 shares during the period. Virtus ETF Advisers LLC's holdings in Super Micro Computer were worth $735,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC raised its holdings in Super Micro Computer by 507.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 31,755 shares of the company's stock worth $968,000 after buying an additional 26,525 shares during the last quarter. Voya Investment Management LLC increased its position 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 worth $9,236,000 after acquiring an additional 270,918 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Super Micro Computer by 1,185.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,820 shares of the company's stock valued at $482,000 after acquiring an additional 14,589 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Super Micro Computer by 304.0% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 207,159 shares of the company's stock valued at $6,293,000 after purchasing an additional 155,881 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Super Micro Computer by 960.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 360,500 shares of the company's stock worth $10,988,000 after purchasing an additional 326,500 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Stock Performance
Shares of SMCI stock traded up $1.55 during trading on Thursday, reaching $33.41. 35,526,856 shares of the company's stock traded hands, compared to its average volume of 72,048,862. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company has a market capitalization of $19.94 billion, a P/E ratio of 16.75 and a beta of 1.22. 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 is $36.96 and its 200 day moving average is $35.96.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SMCI shares. JPMorgan Chase & Co. dropped their target price on Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Wednesday. Rosenblatt Securities reaffirmed a "buy" rating and set a $55.00 price objective on shares of Super Micro Computer in a report on Wednesday. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Citigroup began coverage on shares of Super Micro Computer in a report on Friday, April 25th. They set a "neutral" rating and a $39.00 price target on the stock. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $48.73.
Read Our Latest Stock Report on SMCI
Insiders Place Their Bets
In related news, Director Robert L. Blair sold 19,460 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company's stock.
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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