Virtu Financial LLC Purchases New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Virtu Financial LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,866 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. Retirement Systems of Alabama grew its holdings in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Super Micro Computer by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after acquiring an additional 478 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Super Micro Computer by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after acquiring an additional 497 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after purchasing an additional 522 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in Super Micro Computer by 53.0% during the third quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company’s stock worth $721,000 after purchasing an additional 600 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective for the company. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.00.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last three months. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 2.6 %

Super Micro Computer stock opened at $40.64 on Wednesday. The firm has a 50 day simple moving average of $39.07 and a 200 day simple moving average of $37.83. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $110.61. The firm has a market capitalization of $24.12 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21.

About Super Micro Computer

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.