Bank Hapoalim BM acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,264 shares of the company’s stock, valued at approximately $748,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Hartford Investment Management Co. raised its holdings in Super Micro Computer by 0.8% during the second quarter. Hartford Investment Management Co. now owns 30,976 shares of the company’s stock valued at $1,518,000 after buying an additional 235 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Super Micro Computer by 46.0% during the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock valued at $39,000 after buying an additional 252 shares in the last quarter. Garde Capital Inc. raised its holdings in Super Micro Computer by 42.1% during the second quarter. Garde Capital Inc. now owns 1,013 shares of the company’s stock valued at $50,000 after buying an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Super Micro Computer by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company’s stock valued at $854,000 after buying an additional 302 shares in the last quarter. Finally, Fairscale Capital LLC raised its holdings in Super Micro Computer by 13.3% during the first quarter. Fairscale Capital LLC now owns 2,698 shares of the company’s stock valued at $92,000 after buying an additional 317 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Trading Down 1.0%
Shares of SMCI opened at $51.96 on Friday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $66.44. The company has a quick ratio of 3.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 1.31 and a beta of 1.55. The stock’s 50-day moving average price is $46.87 and its 200 day moving average price is $42.90.
Wall Street Analyst Weigh In
SMCI has been the topic of several recent research reports. Bank of America started coverage on Super Micro Computer in a report on Wednesday, July 9th. They set an “underperform” rating and a $35.00 target price on the stock. Barclays raised their price target on Super Micro Computer from $29.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Super Micro Computer in a research report on Saturday, September 27th. Wedbush reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Super Micro Computer in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target on Super Micro Computer from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.36.
Check Out Our Latest Report on Super Micro Computer
Insider Transactions at Super Micro Computer
In related news, CEO Charles Liang sold 200,000 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the chief executive officer directly owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 200,000 shares of Super Micro Computer stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the director directly owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 490,000 shares of company stock valued at $27,890,950. 16.30% of the stock is currently owned by insiders.
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.
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