Great Lakes Advisors LLC Has $769,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Great Lakes Advisors LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 884.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,220 shares of the company’s stock after acquiring an additional 22,657 shares during the quarter. Great Lakes Advisors LLC’s holdings in Super Micro Computer were worth $769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Retirement Systems of Alabama increased its stake in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after buying an additional 258 shares during the period. Advisors Asset Management Inc. increased its stake in Super Micro Computer by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after buying an additional 478 shares during the period. Cerity Partners LLC increased its stake in Super Micro Computer by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after buying an additional 497 shares during the period. Townsquare Capital LLC increased its stake in Super Micro Computer by 66.5% in the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after buying an additional 522 shares during the period. Finally, Schear Investment Advisers LLC increased its stake in Super Micro Computer by 54.3% in the 3rd quarter. Schear Investment Advisers LLC now owns 1,526 shares of the company’s stock valued at $635,000 after buying an additional 537 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly 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 a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Company insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target on the stock. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $52.57.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $42.17 on Monday. 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 fifty-two week low of $17.25 and a fifty-two week high of $114.78. The firm has a fifty day moving average price of $38.01 and a two-hundred day moving average price of $37.98. The company has a market cap of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21.

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.