Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Fairscale Capital LLC

Fairscale Capital LLC grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 444.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,381 shares of the company’s stock after purchasing an additional 1,944 shares during the period. Fairscale Capital LLC’s holdings in Super Micro Computer were worth $73,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SMCI. Rakuten Securities Inc. grew its stake in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $635,000. Nepsis Inc. acquired a new position in Super Micro Computer in the 4th quarter worth about $13,625,000. Sanctuary Advisors LLC raised its position in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after purchasing an additional 11,488 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Up 3.2 %

NASDAQ:SMCI opened at $38.24 on Monday. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. 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 50-day moving average price of $37.08 and a two-hundred day moving average price of $38.64. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. 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 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group boosted their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $56.64.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Company 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.