United Services Automobile Association Purchases New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

United Services Automobile Association acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,450 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted 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 purchasing an additional 258 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of 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 buying an additional 478 shares in the last quarter. Cerity Partners LLC boosted 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 buying an additional 497 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Super Micro Computer by 66.5% in the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after acquiring an additional 522 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted 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 acquiring an additional 600 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 1.0 %

Shares of SMCI opened at $41.72 on Tuesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $110.61. The stock has a market cap of $24.76 billion, a PE ratio of 20.94 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $38.87 and its 200-day moving average price is $37.83.

Wall Street Analyst Weigh In

SMCI has been the subject of several research analyst reports. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $45.00 in a report on Friday. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $53.00.

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.