New Age Alpha Advisors LLC Invests $2.94 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

New Age Alpha Advisors LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel.com reports. The fund bought 96,357 shares of the company’s stock, valued at approximately $2,937,000.

Several other institutional investors have also recently added to or reduced their stakes in SMCI. Cerity Partners LLC grew its stake in shares of Super Micro Computer by 22.5% in the third 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 in the last quarter. Townsquare Capital LLC boosted its holdings in Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after acquiring an additional 522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Super Micro Computer by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock valued at $6,377,000 after acquiring an additional 2,403 shares during the period. Captrust Financial Advisors grew its position in Super Micro Computer by 132.2% in the 3rd quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock valued at $7,872,000 after acquiring an additional 10,763 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in Super Micro Computer by 296.0% during the third quarter. Verition Fund Management LLC now owns 15,213 shares of the company’s stock worth $6,335,000 after purchasing an additional 11,371 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI stock opened at $34.26 on Friday. The business has a 50 day moving average price of $39.33 and a 200 day moving average price of $37.75. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.21. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $106.90.

Analyst Ratings Changes

SMCI has been the subject of several recent research reports. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Rosenblatt Securities initiated coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.00.

Insiders Place Their Bets

In other Super Micro Computer news, 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $828,606.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.

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.