ExodusPoint Capital Management LP Invests $7.07 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

ExodusPoint Capital Management LP purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 231,919 shares of the company’s stock, valued at approximately $7,069,000.

A number of other large investors have also recently bought and sold shares of SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont boosted its position in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Price Performance

Shares of SMCI opened at $29.82 on Friday. The stock has a market cap of $17.70 billion, a P/E ratio of 14.97 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The stock’s 50-day moving average price is $39.39 and its two-hundred day moving average price is $37.37. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last 90 days. 17.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SMCI shares. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $53.00.

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.