Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) by 33.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,474 shares of the company’s stock after acquiring an additional 1,859 shares during the period. Lazard Asset Management LLC’s holdings in Super Micro Computer were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN grew its holdings in Super Micro Computer by 1.7% during the first quarter. Disciplined Growth Investors Inc. MN now owns 4,512,092 shares of the company’s stock worth $171,775,000 after acquiring an additional 77,339 shares during the period. Vanguard Group Inc. grew its holdings in Super Micro Computer by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock worth $168,077,000 after acquiring an additional 66,035 shares during the period. BlackRock Inc. grew its holdings in Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after acquiring an additional 275,725 shares during the period. Dimensional Fund Advisors LP grew its holdings in Super Micro Computer by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock worth $62,035,000 after acquiring an additional 171,335 shares during the period. Finally, Hawk Ridge Capital Management LP grew its holdings in Super Micro Computer by 2.2% during the first quarter. Hawk Ridge Capital Management LP now owns 1,619,061 shares of the company’s stock worth $61,638,000 after acquiring an additional 34,900 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMCI. Susquehanna cut Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research note on Monday, September 19th. Susquehanna Bancshares cut Super Micro Computer to a “neutral” rating and set a $55.00 price target on the stock. in a research note on Monday, September 19th. Wedbush lifted their price target on Super Micro Computer from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 2nd. StockNews.com began coverage on Super Micro Computer in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Northland Securities lifted their price target on Super Micro Computer from $137.00 to $165.00 in a research note on Wednesday, November 2nd.

Super Micro Computer Trading Down 0.6 %

Shares of NASDAQ SMCI opened at $86.49 on Friday. Super Micro Computer, Inc. has a one year low of $34.11 and a one year high of $89.69. The firm has a market capitalization of $4.58 billion, a PE ratio of 10.60 and a beta of 1.39. The company has a current ratio of 2.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $65.29 and a two-hundred day moving average price of $57.32.

Insiders Place Their Bets

In other Super Micro Computer news, Director Shiu Leung Chan acquired 1,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was purchased at an average cost of $76.00 per share, for a total transaction of $76,000.00. Following the transaction, the director now owns 11,975 shares of the company’s stock, valued at approximately $910,100. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Sherman Tuan sold 4,579 shares of Super Micro Computer stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $77.48, for a total transaction of $354,780.92. Following the completion of the sale, the director now directly owns 26,117 shares in the company, valued at approximately $2,023,545.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Shiu Leung Chan purchased 1,000 shares of Super Micro Computer stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $76.00 per share, with a total value of $76,000.00. Following the completion of the acquisition, the director now owns 11,975 shares in the company, valued at $910,100. The disclosure for this purchase can be found here. Corporate insiders own 14.50% of the company’s stock.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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