Super Micro Computer, Inc. (NASDAQ:SMCI) Position Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,874 shares of the company’s stock after purchasing an additional 1,650 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Super Micro Computer were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Super Micro Computer in the 4th quarter worth approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in Super Micro Computer in the 3rd quarter worth approximately $37,000. IFP Advisors Inc boosted its stake in Super Micro Computer by 182.0% during the 4th quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock valued at $39,000 after purchasing an additional 728 shares in the last quarter. Captrust Financial Advisors boosted its stake in Super Micro Computer by 31.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,415 shares of the company’s stock valued at $57,000 after purchasing an additional 339 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Super Micro Computer during the 3rd quarter valued at $59,000. 73.08% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $145.84 on Wednesday. The stock has a fifty day moving average of $110.37 and a 200-day moving average of $93.72. The company has a market capitalization of $7.66 billion, a PE ratio of 13.73 and a beta of 1.25. Super Micro Computer, Inc. has a one year low of $37.01 and a one year high of $147.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.08 and a current ratio of 2.49.

Insider Activity

In other news, SVP George Kao sold 553 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.19, for a total value of $74,760.07. Following the completion of the sale, the senior vice president now owns 7,239 shares in the company, valued at $978,640.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP George Kao sold 553 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.19, for a total value of $74,760.07. Following the completion of the sale, the senior vice president now owns 7,239 shares in the company, valued at $978,640.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shiu Leung Chan acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average price of $133.09 per share, with a total value of $133,090.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company’s stock, valued at approximately $3,992,700. The disclosure for this purchase can be found here. Corporate insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research reports. Susquehanna increased their price target on Super Micro Computer from $69.00 to $90.00 in a research note on Wednesday, May 3rd. Loop Capital increased their price target on Super Micro Computer from $100.00 to $150.00 in a research note on Wednesday, May 3rd. Wedbush reaffirmed an “underperform” rating and set a $65.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 3rd. Northland Securities increased their price objective on Super Micro Computer from $175.00 to $200.00 in a research report on Wednesday, May 3rd. Finally, StockNews.com began coverage on Super Micro Computer in a research report on Thursday, March 16th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Super Micro Computer Company Profile

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.