SLT Holdings LLC Buys Shares of 28,250 Super Micro Computer, Inc. (NASDAQ:SMCI)

SLT Holdings LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,250 shares of the company’s stock, valued at approximately $861,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC boosted its holdings in shares of Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after buying an additional 762 shares in the last quarter. Amundi bought a new position in shares of Super Micro Computer during the 4th quarter worth approximately $41,563,000. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares in the last quarter. HM Payson & Co. boosted its holdings in shares of Super Micro Computer by 587.9% during the 4th quarter. HM Payson & Co. now owns 2,910 shares of the company’s stock worth $89,000 after buying an additional 2,487 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Super Micro Computer by 338.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 40,248 shares of the company’s stock worth $1,227,000 after buying an additional 31,074 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value 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 trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated 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 sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents 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 valued at $6,771,552 in the last ninety days. 17.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Northland Securities restated an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group increased their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.64.

Super Micro Computer Trading Up 3.2 %

Shares of Super Micro Computer stock opened at $38.24 on Friday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a market cap of $22.69 billion, a PE ratio of 19.20 and a beta of 1.21. The stock has a fifty day moving average price of $37.08 and a 200-day moving average price of $38.79. 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 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.