12,344 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Bought by Baird Financial Group Inc.

Baird Financial Group Inc. bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) in the 2nd quarter, Holdings Channel.com reports. The fund bought 12,344 shares of the company’s stock, valued at approximately $498,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMCI. State of New Jersey Common Pension Fund D acquired a new position in Super Micro Computer during the 1st quarter worth $2,456,000. Envestnet Asset Management Inc. boosted its position in shares of Super Micro Computer by 3.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,772 shares of the company’s stock worth $677,000 after acquiring an additional 578 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Super Micro Computer by 32.4% during the 1st quarter. Victory Capital Management Inc. now owns 25,994 shares of the company’s stock worth $1,094,000 after acquiring an additional 6,358 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Super Micro Computer during the 1st quarter worth about $792,000. Finally, IndexIQ Advisors LLC acquired a new position in shares of Super Micro Computer during the 1st quarter worth about $369,000. 73.61% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Down 0.6 %

SMCI opened at $86.49 on Monday. The business has a 50 day moving average price of $65.29 and a two-hundred day moving average price of $57.32. The company has a quick ratio of 0.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.58 billion, a PE ratio of 10.60 and a beta of 1.39. Super Micro Computer, Inc. has a 52 week low of $34.11 and a 52 week high of $89.69.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $75.00, for a total transaction of $3,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,646 shares of the company’s stock, valued at approximately $198,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Super Micro Computer news, CEO Charles Liang sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $75.00, for a total transaction of $3,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,646 shares of the company’s stock, valued at approximately $198,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shiu Leung Chan bought 1,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $76.00 per share, for a total transaction of $76,000.00. Following the transaction, the director now directly owns 11,975 shares in the company, valued at approximately $910,100. The disclosure for this purchase can be found here. 14.50% of the stock is owned by company insiders.

Analyst Ratings Changes

SMCI has been the subject of several analyst reports. Susquehanna cut Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research report on Monday, September 19th. Northland Securities upped their price objective on Super Micro Computer from $137.00 to $165.00 in a research report on Wednesday, November 2nd. Susquehanna Bancshares downgraded Super Micro Computer to a “neutral” rating and set a $55.00 target price for the company. in a report on Monday, September 19th. StockNews.com began coverage on Super Micro Computer in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wedbush boosted their target price on Super Micro Computer from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, November 2nd.

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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