Smartleaf Asset Management LLC Purchases 1,080 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Smartleaf Asset Management LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 931.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,196 shares of the company’s stock after purchasing an additional 1,080 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Super Micro Computer were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SMCI. Sigma Planning Corp grew its holdings in shares of 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 acquiring an additional 792 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Super Micro Computer by 128.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,026 shares of the company’s stock valued at $828,000 after acquiring an additional 1,138 shares during the period. Rakuten Securities Inc. lifted 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Super Micro Computer by 12.6% in 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 period. Finally, Victory Capital Management Inc. increased its position in shares of Super Micro Computer by 128.2% during the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after buying an additional 23,959 shares during the period. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SMCI. Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Cfra raised 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $52.57.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 10.7 %

SMCI stock opened at $40.84 on Wednesday. The business’s 50-day moving average is $37.41 and its two-hundred day moving average is $38.32. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week 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 company has a market cap of $24.24 billion, a price-to-earnings ratio of 20.50 and a beta of 1.21.

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.