Quarry LP Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

by · The Markets Daily

Quarry LP bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,106 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds also recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $394,000. Virtus ETF Advisers LLC grew its stake in Super Micro Computer by 1,839.8% in the fourth quarter. Virtus ETF Advisers LLC now owns 24,112 shares of the company’s stock valued at $735,000 after acquiring an additional 22,869 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Super Micro Computer by 507.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 31,755 shares of the company’s stock worth $968,000 after acquiring an additional 26,525 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Super Micro Computer by 843.7% during the fourth quarter. Voya Investment Management LLC now owns 303,029 shares of the company’s stock worth $9,236,000 after purchasing an additional 270,918 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Super Micro Computer by 1,185.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,820 shares of the company’s stock valued at $482,000 after purchasing an additional 14,589 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on shares of Super Micro Computer from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Barclays dropped their price target on Super Micro Computer from $59.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three 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. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus price target of $48.73.

Get Our Latest Research Report on SMCI

Super Micro Computer Stock Performance

Shares of SMCI opened at $33.71 on Monday. The company has a market cap of $20.12 billion, a PE ratio of 16.92 and a beta of 1.22. The firm has a 50-day moving average of $36.34 and a 200-day moving average of $35.59. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Activity at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the 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 sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, 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 trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

About Super Micro Computer

(Free Report)

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.

See Also

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