MCF Advisors LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 912.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,371 shares of the company’s stock after purchasing an additional 3,038 shares during the quarter. MCF Advisors LLC’s holdings in Super Micro Computer were worth $165,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Two Sigma Investments LP acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $5,129,000. Woodline Partners LP purchased a new stake in Super Micro Computer in the 4th quarter worth $922,000. GTS Securities LLC raised its position in Super Micro Computer by 121.4% during the fourth quarter. GTS Securities LLC now owns 15,934 shares of the company’s stock worth $486,000 after acquiring an additional 90,303 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Super Micro Computer during the fourth quarter valued at $5,374,000. Finally, Toronto Dominion Bank grew its position in shares of Super Micro Computer by 835.0% in the fourth quarter. Toronto Dominion Bank now owns 181,578 shares of the company’s stock valued at $5,535,000 after purchasing an additional 162,158 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Trading Up 0.3%
NASDAQ SMCI opened at $46.99 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.25 and a quick ratio of 3.25. The stock has a market capitalization of $27.92 billion, a P/E ratio of 28.31, a PEG ratio of 1.17 and a beta of 1.56. The firm’s 50-day moving average is $47.43 and its two-hundred day moving average is $42.45. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $66.44.
Insider Transactions at Super Micro Computer
In other news, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of Super Micro Computer stock in a transaction on Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the completion of the sale, the director directly owned 40,426,120 shares of the company’s stock, valued at approximately $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 40,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $43.88, for a total value of $1,755,200.00. Following the completion of the sale, the senior vice president owned 21,820 shares in the company, valued at $957,461.60. This represents a 64.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 490,000 shares of company stock valued at $27,890,950 over the last three months. 16.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on SMCI shares. Barclays upped their price target on shares of Super Micro Computer from $29.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. The Goldman Sachs Group increased their target price on Super Micro Computer from $24.00 to $27.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Zacks Research upgraded Super Micro Computer to a “hold” rating in a research report on Monday, August 11th. Citigroup reiterated a “neutral” rating and set a $52.00 price target (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Finally, Bank of America started coverage on Super Micro Computer in a report on Wednesday, July 9th. They issued an “underperform” rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $45.36.
Get Our Latest Analysis on Super Micro Computer
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.
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