Vestcor Inc Grows Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Vestcor Inc boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 359.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,419 shares of the company’s stock after purchasing an additional 8,149 shares during the quarter. Vestcor Inc’s holdings in Super Micro Computer were worth $318,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SMCI. Retirement Systems of Alabama boosted its position in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares in the last quarter. Advisors Asset Management Inc. raised its position in Super Micro Computer by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after acquiring an additional 478 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after purchasing an additional 497 shares in the last quarter. Townsquare Capital LLC grew its position in shares of Super Micro Computer by 66.5% in the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after purchasing an additional 522 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Super Micro Computer by 108.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,132 shares of the company’s stock worth $471,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

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

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $41.94 on Tuesday. The business’s fifty day moving average price is $38.12 and its 200 day moving average price is $37.96. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $114.78. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.89 billion, a P/E ratio of 21.05 and a beta of 1.21.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last three months. 17.60% of the stock is currently owned by company insiders.

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.