Mount Lucas Management LP Increases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mount Lucas Management LP raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 726.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,803 shares of the company’s stock after acquiring an additional 2,464 shares during the period. Mount Lucas Management LP’s holdings in Super Micro Computer were worth $85,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SMCI. Sigma Planning Corp increased its stake in Super Micro Computer by 25.1% in the third quarter. Sigma Planning Corp now owns 3,950 shares of the company’s stock valued at $1,645,000 after purchasing an additional 792 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Super Micro Computer by 581.6% during the third quarter. Crossmark Global Holdings Inc. now owns 23,380 shares of the company’s stock worth $9,735,000 after acquiring an additional 19,950 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Super Micro Computer by 128.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,026 shares of the company’s stock worth $828,000 after acquiring an additional 1,138 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Super Micro Computer by 12.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 124,652 shares of the company’s stock worth $51,905,000 after acquiring an additional 13,936 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SMCI shares. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday. They set a “buy” rating and a $60.00 target price on the stock. 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 report on Tuesday, February 11th. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Three 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.57.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $36.90 on Tuesday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $119.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a fifty day moving average of $37.20 and a two-hundred day moving average of $38.46. The company has a market cap of $21.90 billion, a P/E ratio of 18.52 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by company insiders.

Super Micro Computer Company 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.