Victory Capital Management Inc. Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Victory Capital Management Inc. increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 280.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 162,132 shares of the company’s stock after acquiring an additional 119,490 shares during the quarter. Victory Capital Management Inc.’s holdings in Super Micro Computer were worth $4,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont lifted its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the period. Toth Financial Advisory Corp purchased a new position in Super Micro Computer during the 4th quarter valued at about $31,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $34,000. 84.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SMCI shares. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price target on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective on the stock. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.57.

Super Micro Computer Trading Up 7.9 %

Shares of NASDAQ:SMCI opened at $42.17 on Friday. The business’s 50 day moving average price is $38.01 and its 200-day moving average price is $38.09. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $114.78. 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 firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last 90 days. 17.60% of the stock is owned by insiders.

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.