Victory Capital Management Inc. Increases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Victory Capital Management Inc. increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,469 shares of the company’s stock after purchasing an additional 2,623 shares during the period. Victory Capital Management Inc.’s holdings in Super Micro Computer were worth $19,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Super Micro Computer in the 3rd quarter worth approximately $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer in the fourth quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $30,000. Cypress Capital Management LLC WY bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $36,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $39,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,252 shares of company stock valued at $29,950,223. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 2.8 %

Super Micro Computer stock opened at $799.70 on Friday. Super Micro Computer, Inc. has a 1 year low of $131.06 and a 1 year high of $1,229.00. The firm’s 50 day moving average price is $944.91 and its 200-day moving average price is $596.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The stock has a market cap of $44.73 billion, a P/E ratio of 45.07, a PEG ratio of 0.71 and a beta of 1.34.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Loop Capital upped their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Bank of America upped their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Susquehanna lifted their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $954.38.

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.