NEOS Investment Management LLC Acquires New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

NEOS Investment Management LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, HoldingsChannel reports. The fund bought 12,384 shares of the company’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Super Micro Computer by 798.1% during 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. State Street Corp boosted its stake in shares of Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after buying an additional 88,692 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after acquiring an additional 1,332,400 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

SMCI opened at $34.24 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21. The company has a fifty day moving average of $39.40 and a 200 day moving average of $37.65. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $106.90.

Analyst Ratings Changes

SMCI has been the topic of a number of recent research reports. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $53.00.

Insider Buying and Selling at Super Micro Computer

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

About Super Micro Computer

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.