HM Payson & Co. Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

HM Payson & Co. lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 587.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,910 shares of the company’s stock after purchasing an additional 2,487 shares during the period. HM Payson & Co.’s holdings in Super Micro Computer were worth $89,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Archer Investment Corp increased its stake 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 worth $238,000 after purchasing an additional 448 shares in the last quarter. Bell Bank purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth $259,000. Meridian Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth $270,000. Mizuho Markets Cayman LP purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth $300,000. Finally, ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth $318,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 3.2 %

Shares of Super Micro Computer stock opened at $38.24 on Monday. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. The business has a 50-day moving average price of $37.08 and a 200-day moving average price of $38.64. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade 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 this hyperlink. Also, 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 transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SMCI. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Finally, Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.64.

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.