AlphaQuest LLC Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

AlphaQuest LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 233.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,089 shares of the company’s stock after purchasing an additional 762 shares during the period. AlphaQuest LLC’s holdings in Super Micro Computer were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMCI. Charles Schwab Investment Management Inc. increased its stake in shares of Super Micro Computer by 968.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Amundi purchased a new stake in Super Micro Computer in the 4th quarter worth $41,563,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after buying an additional 1,192,366 shares in the last quarter. Finally, National Pension Service purchased a new stake in Super Micro Computer in the 4th quarter worth $28,932,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 7.8 %

Shares of NASDAQ:SMCI opened at $42.15 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $110.61. The company has a 50-day moving average price of $38.66 and a 200 day moving average price of $37.92. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21.

Insider Activity at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the 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 sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $45.00 in a research note on Friday. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $53.29.

Super Micro Computer 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.