Wellington Management Group LLP Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Management Group LLP increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 461.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,133 shares of the company’s stock after acquiring an additional 30,525 shares during the period. Wellington Management Group LLP’s holdings in Super Micro Computer were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp raised its position in shares of Super Micro Computer by 142.6% in the third quarter. M&T Bank Corp now owns 2,681 shares of the company’s stock worth $1,117,000 after buying an additional 1,576 shares in the last quarter. World Investment Advisors LLC increased its stake in Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock worth $23,722,000 after acquiring an additional 56,541 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after acquiring an additional 29,697 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $443,000. Finally, Retirement Systems of Alabama grew its holdings in shares of Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 1.6 %

Shares of SMCI opened at $33.15 on Monday. The firm has a fifty day simple moving average of $40.16 and a two-hundred day simple moving average of $36.81. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The stock has a market capitalization of $19.67 billion, a P/E ratio of 16.64 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMCI shares. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays assumed coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target on the stock. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.00.

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.