Intact Investment Management Inc. Acquires Shares of 2,200 Super Micro Computer, Inc. (NASDAQ:SMCI)

Intact Investment Management Inc. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,200 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth $13,625,000. Sanctuary Advisors LLC increased its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after buying an additional 11,488 shares in the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after buying an additional 145,327 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of SMCI opened at $42.17 on Friday. The stock has a market capitalization of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21. The firm’s fifty day simple moving average is $38.01 and its two-hundred day simple moving average is $38.09. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $114.78.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several research analyst reports. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research note on Thursday, March 6th. Cfra raised 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 research note on Tuesday, February 11th. Finally, Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $52.57.

Insider Activity

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $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 sold a total of 137,473 shares of company stock worth $6,771,552 in the last three months. Company insiders own 17.60% of the company’s stock.

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.