Sterling Capital Management LLC Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sterling Capital Management LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 787.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,008 shares of the company’s stock after buying an additional 7,106 shares during the quarter. Sterling Capital Management LLC’s holdings in Super Micro Computer were worth $244,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Concorde Asset Management LLC grew its holdings in Super Micro Computer by 1,323.2% during the 4th quarter. Concorde Asset Management LLC now owns 20,580 shares of the company’s stock worth $627,000 after acquiring an additional 19,134 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its stake in shares of Super Micro Computer by 743.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 5,164 shares of the company’s stock valued at $157,000 after purchasing an additional 4,552 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Super Micro Computer by 599.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 217,890 shares of the company’s stock valued at $6,641,000 after buying an additional 186,720 shares during the period. Phoenix Financial Ltd. bought a new position in Super Micro Computer in the fourth quarter worth approximately $507,000. Finally, Bessemer Group Inc. lifted its holdings in Super Micro Computer by 1,014.7% during the fourth quarter. Bessemer Group Inc. now owns 2,118 shares of the company’s stock worth $65,000 after buying an additional 1,928 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.2 %

Shares of NASDAQ:SMCI opened at $31.50 on Monday. The business has a 50-day moving average price of $39.73 and a 200-day moving average price of $36.50. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent research reports. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 price target for the company. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $52.57.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s 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 transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

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.