Candriam S.C.A. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Candriam S.C.A. acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 36,673 shares of the company’s stock, valued at approximately $1,118,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama increased its holdings in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the period. Archer Investment Corp boosted its holdings in shares of Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after acquiring an additional 448 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Super Micro Computer by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after acquiring an additional 478 shares during the period. Cerity Partners LLC raised its holdings in shares of Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after purchasing an additional 497 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last three months. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 3.2 %

NASDAQ SMCI opened at $38.24 on Monday. The business has a fifty day moving average price of $37.08 and a 200 day moving average price of $38.64. 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 $22.69 billion, a P/E ratio of 19.20 and a beta of 1.21. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90.

Analyst Upgrades and Downgrades

Several research firms recently commented on SMCI. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.64.

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.