Amalgamated Bank Sells 285 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Amalgamated Bank decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,924 shares of the company’s stock after selling 285 shares during the period. Amalgamated Bank’s holdings in Super Micro Computer were worth $8,222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP bought a new position in Super Micro Computer during the third quarter valued at approximately $27,000. Optimum Investment Advisors bought a new position in shares of Super Micro Computer during the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer during the 4th quarter valued at $30,000. Cypress Capital Management LLC WY purchased a new position in shares of Super Micro Computer in the 4th quarter worth $36,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of Super Micro Computer in the third quarter worth $39,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $782.70 on Friday. The firm has a fifty day moving average price of $946.34 and a 200 day moving average price of $582.60. Super Micro Computer, Inc. has a fifty-two week low of $131.06 and a fifty-two week high of $1,229.00. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 4.69.

Insider Transactions at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SMCI. KeyCorp initiated coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. Loop Capital increased their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday. Bank of America upped their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Barclays upped their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Moderate Buy” and an average price target of $954.38.

Super Micro Computer Company 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.