Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,892 shares of the company’s stock after purchasing an additional 9,288 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of Super Micro Computer worth $17,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Truist Financial Corp purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $739,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth $333,000. Yousif Capital Management LLC increased its holdings in Super Micro Computer by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 22,035 shares of the company’s stock worth $6,264,000 after buying an additional 842 shares during the last quarter. South Dakota Investment Council raised its position in Super Micro Computer by 158.1% during the fourth quarter. South Dakota Investment Council now owns 17,163 shares of the company’s stock valued at $4,879,000 after acquiring an additional 10,512 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on 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 in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,252 shares of company stock worth $29,950,223 in the last 90 days. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Up 2.6 %

NASDAQ SMCI opened at $782.70 on Friday. Super Micro Computer, Inc. has a 1-year low of $131.06 and a 1-year high of $1,229.00. The company has a market capitalization of $43.78 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 0.66 and a beta of 1.34. The stock’s 50 day moving average is $947.89 and its two-hundred day moving average is $579.19. The company has a current ratio of 4.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

A number of research firms have recently weighed in on SMCI. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday. Finally, KeyCorp started coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.