X Square Capital LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

X Square Capital LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,000 shares of the company’s stock, valued at approximately $853,000.

A number of other institutional investors also recently bought and sold shares of SMCI. Vanguard Group Inc. increased its stake in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the period. Swiss National Bank boosted its stake in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares during the period. Finally, Amundi acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $41,563,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on SMCI shares. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $40.00 to $32.00 in a research report on Monday. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Three equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Trading Down 6.3 %

Shares of NASDAQ SMCI opened at $34.72 on Friday. The business has a 50 day simple moving average of $39.27 and a 200 day simple moving average of $37.79. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $106.90. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 17.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Activity

In other Super Micro Computer 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

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.