Vestcor Inc Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Vestcor Inc lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 359.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,419 shares of the company’s stock after buying an additional 8,149 shares during the quarter. Vestcor Inc’s holdings in Super Micro Computer were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SMCI. Swiss National Bank lifted its position in shares of Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Super Micro Computer by 717.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 53,493 shares of the company’s stock worth $1,630,000 after purchasing an additional 46,949 shares during the last quarter. Great Lakes Advisors LLC increased its stake in Super Micro Computer by 884.0% in the fourth quarter. Great Lakes Advisors LLC now owns 25,220 shares of the company’s stock valued at $769,000 after purchasing an additional 22,657 shares during the last quarter. Truvestments Capital LLC raised its holdings in Super Micro Computer by 1,140.2% during the fourth quarter. Truvestments Capital LLC now owns 31,451 shares of the company’s stock worth $959,000 after purchasing an additional 28,915 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $151,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SMCI. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus price target of $52.57.

Insider Buying and Selling at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Down 0.5 %

Shares of NASDAQ:SMCI opened at $41.94 on Tuesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $114.78. 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 firm’s 50-day simple moving average is $38.12 and its 200-day simple moving average is $37.96. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 21.05 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.