Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Xponance Inc.

Xponance Inc. increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 980.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 122,053 shares of the company’s stock after buying an additional 110,754 shares during the period. Xponance Inc.’s holdings in Super Micro Computer were worth $3,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Meridian Wealth Management LLC acquired a new stake in Super Micro Computer in the third quarter valued at approximately $270,000. Benjamin Edwards Inc. purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in Super Micro Computer during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Finally, Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.57.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business’s 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 sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Stock Down 2.5 %

Shares of NASDAQ SMCI opened at $39.10 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $38.47 and its two-hundred day moving average is $37.89. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 19.63 and a beta of 1.21.

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.