Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Raised by Truvestments Capital LLC

Truvestments Capital LLC raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,140.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,451 shares of the company’s stock after buying an additional 28,915 shares during the quarter. Truvestments Capital LLC’s holdings in Super Micro Computer were worth $959,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SMCI. Charles Schwab Investment Management Inc. boosted its stake in Super Micro Computer by 968.4% in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after acquiring an additional 2,616,757 shares during the period. State Street Corp grew its stake in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after buying an additional 1,192,366 shares during the period. Finally, Amundi acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $41,563,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SMCI shares. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. 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 research report on Wednesday, February 12th. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $52.57.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $40.84 on Wednesday. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 20.50 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $119.80. 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 company’s 50 day moving average is $37.41 and its 200 day moving average is $38.32.

Super Micro Computer 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.