Marshall Wace LLP Increases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Marshall Wace LLP boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 416,945.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,753,405 shares of the company’s stock after buying an additional 3,752,505 shares during the quarter. Marshall Wace LLP’s holdings in Super Micro Computer were worth $114,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its stake in shares of Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after acquiring an additional 258 shares in the last quarter. Shelton Capital Management increased its holdings in Super Micro Computer by 6.5% during the 4th quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock worth $240,000 after purchasing an additional 480 shares during the period. AlphaQuest LLC raised its position in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock valued at $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after buying an additional 825 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company’s stock worth $52,000 after buying an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SMCI shares. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Barclays initiated 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 objective on the stock. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.00.

Super Micro Computer Trading Down 4.7 %

SMCI opened at $31.89 on Thursday. 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 52 week low of $17.25 and a 52 week high of $102.03. The business’s 50 day moving average is $40.10 and its two-hundred day moving average is $36.67. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 16.01 and a beta of 1.22.

Super Micro Computer Company 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.