XTX Topco Ltd purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 69,179 shares of the company’s stock, valued at approximately $3,390,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SMCI. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock worth $3,242,156,000 after acquiring an additional 1,745,179 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Super Micro Computer by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 13,752,581 shares of the company’s stock valued at $671,316,000 after purchasing an additional 364,411 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Super Micro Computer by 5.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,971,739 shares of the company’s stock worth $194,655,000 after purchasing an additional 200,109 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Super Micro Computer by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,892,772 shares of the company’s stock worth $99,049,000 after purchasing an additional 76,776 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Super Micro Computer by 15.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,642,682 shares of the company’s stock worth $56,246,000 after buying an additional 223,427 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.
Super Micro Computer Trading Down 2.5%
NASDAQ SMCI opened at $32.48 on Wednesday. Super Micro Computer, Inc. has a 1-year low of $25.71 and a 1-year high of $66.44. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $19.39 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50. The firm’s fifty day simple moving average is $46.51 and its 200-day simple moving average is $46.15.
Wall Street Analyst Weigh In
SMCI has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on shares of Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Zacks Research downgraded shares of Super Micro Computer from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Raymond James Financial lowered their price objective on shares of Super Micro Computer from $53.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Argus set a $64.00 target price on shares of Super Micro Computer in a research note on Thursday, November 6th. Finally, Northland Securities set a $63.00 target price on Super Micro Computer in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $48.38.
Check Out Our Latest Report on SMCI
Insider Activity
In related news, CFO David E. Weigand sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $45.14, for a total value of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares of the company’s stock, valued at approximately $4,522,486.32. The trade was a 19.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.30% of the stock is currently owned by corporate 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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