Renaissance Technologies LLC Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Renaissance Technologies LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 438.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,637,100 shares of the company’s stock after buying an additional 1,332,960 shares during the period. Renaissance Technologies LLC owned about 0.28% of Super Micro Computer worth $49,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clear Creek Financial Management LLC purchased a new position in Super Micro Computer during the 4th quarter valued at about $635,000. Nepsis Inc. purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Sanctuary Advisors LLC raised its stake in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp boosted its position in Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after acquiring an additional 11,488 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $277,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $33.68 on Friday. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 16.91 and a beta of 1.22. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $102.03. The company has a 50 day simple moving average of $40.08 and a two-hundred day simple moving average of $36.97. 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 Activity at Super Micro Computer

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on SMCI. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 price target on the stock. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Three 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 company. According to MarketBeat, the company 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.