Treasurer of the State of North Carolina Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Treasurer of the State of North Carolina lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 599.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,890 shares of the company’s stock after purchasing an additional 186,720 shares during the period. Treasurer of the State of North Carolina’s holdings in Super Micro Computer were worth $6,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $33.15 on Monday. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 16.64 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. The firm has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $36.81. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $102.03.

Wall Street Analyst Weigh In

Several brokerages recently commented on SMCI. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price target on the stock. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.00.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $2,322,519.81. Following the sale, the chief executive officer now 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 sold 137,473 shares of company stock worth $6,771,552. Company 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.