Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,376.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,296 shares of the company’s stock after buying an additional 17,989 shares during the period. Townsquare Capital LLC’s holdings in Super Micro Computer were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after buying an additional 11,580,677 shares during the last quarter. FMR LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter worth about $292,869,000. Invesco Ltd. grew its stake in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after acquiring an additional 3,309,398 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company’s stock, valued at approximately $981,785.52. This 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 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMCI. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $52.57.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $31.50 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40. The company has a market cap of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22. The stock’s 50-day moving average is $39.73 and its 200-day moving average is $36.54.

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.