Metis Global Partners LLC Purchases 15,555 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Metis Global Partners LLC lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 919.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,246 shares of the company’s stock after purchasing an additional 15,555 shares during the quarter. Metis Global Partners LLC’s holdings in Super Micro Computer were worth $526,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in Super Micro Computer by 1,147.3% during the fourth quarter. US Bancorp DE now owns 28,863 shares of the company’s stock worth $880,000 after acquiring an additional 26,549 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Super Micro Computer during the fourth quarter worth approximately $209,000. Private Trust Co. NA increased its stake in Super Micro Computer by 536.6% during the fourth quarter. Private Trust Co. NA now owns 2,451 shares of the company’s stock worth $75,000 after acquiring an additional 2,066 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $496,000. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their target price 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, Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.87.

Super Micro Computer Stock Down 0.6 %

Super Micro Computer stock opened at $38.90 on Thursday. The business has a fifty day moving average of $36.89 and a two-hundred day moving average of $38.97. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $23.09 billion, a P/E ratio of 19.53 and a beta of 1.30. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company’s 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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. 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.