Investment Partners LTD. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,000 shares of the company’s stock, valued at approximately $245,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SMCI. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Super Micro Computer by 8.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 77,965 shares of the company’s stock valued at $3,821,000 after purchasing an additional 6,186 shares during the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 2.7% during the second quarter. Geode Capital Management LLC now owns 13,752,581 shares of the company’s stock worth $671,316,000 after buying an additional 364,411 shares during the period. PNC Financial Services Group Inc. lifted its stake in Super Micro Computer by 10.2% in the second quarter. PNC Financial Services Group Inc. now owns 53,313 shares of the company’s stock valued at $2,613,000 after buying an additional 4,917 shares during the last quarter. Wealth Quarterback LLC increased its holdings in shares of Super Micro Computer by 2.8% in the 2nd quarter. Wealth Quarterback LLC now owns 12,656 shares of the company’s stock valued at $620,000 after acquiring an additional 342 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Super Micro Computer by 6.8% in the second quarter. SBI Securities Co. Ltd. now owns 74,020 shares of the company’s stock valued at $3,628,000 after purchasing an additional 4,681 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Stock Performance
NASDAQ:SMCI opened at $36.94 on Thursday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44. The company has a market capitalization of $22.05 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $48.18 and a two-hundred day moving average price of $46.03.
Analysts Set New Price Targets
Several analysts have commented on SMCI shares. Raymond James Financial reduced their price objective on Super Micro Computer from $53.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group set a $34.00 price target on Super Micro Computer and gave the stock a “sell” rating in a research note on Wednesday, November 5th. Mizuho lowered their price objective on shares of Super Micro Computer from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Argus set a $64.00 target price on shares of Super Micro Computer in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $48.38.
Check Out Our Latest Stock Analysis on Super Micro Computer
Insiders Place Their Bets
In other news, SVP George Kao sold 40,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $43.88, for a total value of $1,755,200.00. Following the sale, the senior vice president directly owned 21,820 shares in the company, valued at $957,461.60. This represents a 64.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David E. Weigand sold 25,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $45.14, for a total value of $1,128,500.00. Following the sale, the chief financial officer directly owned 100,188 shares in the company, valued at approximately $4,522,486.32. The trade was a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 90,000 shares of company stock valued at $3,890,950. Insiders own 16.30% 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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