UniSuper Management Pty Ltd Acquires 113,155 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

UniSuper Management Pty Ltd boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 826.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 126,840 shares of the company’s stock after buying an additional 113,155 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Super Micro Computer were worth $3,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Super Micro Computer by 902.0% during the 4th 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 bought a new stake in shares of Super Micro Computer during the 4th quarter worth $31,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Down 1.3 %

SMCI opened at $34.26 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $106.90. 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 business has a 50 day simple moving average of $39.33 and a two-hundred day simple moving average of $37.77. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.21.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were 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 accessible through this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 19,449 shares of the company’s stock, valued at $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 worth $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research reports. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Rosenblatt Securities initiated coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $53.00.

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.