Van ECK Associates Corp purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,526 shares of the company’s stock, valued at approximately $125,000.
A number of other institutional investors have also recently made changes to their positions in SMCI. Fairfield Bush & CO. bought a new stake in shares of Super Micro Computer in the 1st quarter valued at about $126,000. MetLife Investment Management LLC grew its position in shares of Super Micro Computer by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock valued at $954,000 after buying an additional 8,927 shares during the last quarter. BlackRock Inc. grew its position in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Super Micro Computer by 21.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock valued at $114,000 after buying an additional 493 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of Super Micro Computer in the 1st quarter valued at about $259,000. Institutional investors own 73.08% of the company’s stock.
Insiders Place Their Bets
In other news, Director Shiu Leung Chan purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average price of $133.09 per share, for a total transaction of $133,090.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $3,992,700. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Shiu Leung Chan bought 1,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were bought at an average price of $133.09 per share, for a total transaction of $133,090.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at $3,992,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 553 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.19, for a total value of $74,760.07. Following the completion of the transaction, the senior vice president now owns 7,239 shares in the company, valued at approximately $978,640.41. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company’s stock.
Super Micro Computer Stock Up 6.6 %
Analyst Ratings Changes
A number of research analysts have recently issued reports on SMCI shares. StockNews.com started coverage on Super Micro Computer in a research note on Thursday. They issued a “hold” rating on the stock. Loop Capital boosted their price objective on Super Micro Computer from $100.00 to $150.00 in a research note on Wednesday, May 3rd. Susquehanna boosted their price objective on Super Micro Computer from $69.00 to $90.00 in a research note on Wednesday, May 3rd. Northland Securities boosted their price objective on Super Micro Computer from $175.00 to $200.00 in a research note on Wednesday, May 3rd. Finally, Wedbush reissued an “underperform” rating and issued a $65.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 3rd. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $112.00.
Super Micro Computer Profile
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.
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