Great Lakes Advisors LLC Has $769,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Great Lakes Advisors LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 884.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,220 shares of the company’s stock after buying an additional 22,657 shares during the quarter. Great Lakes Advisors LLC’s holdings in Super Micro Computer were worth $769,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama increased its position in shares of Super Micro Computer by 2.3% during the 3rd 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 in the last quarter. Advisors Asset Management Inc. increased 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 purchasing an additional 478 shares in the last quarter. Cerity Partners LLC increased its position in shares of Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after purchasing an additional 497 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after purchasing an additional 522 shares in the last quarter. Finally, Schear Investment Advisers LLC increased its position in shares of Super Micro Computer by 54.3% during the 3rd quarter. Schear Investment Advisers LLC now owns 1,526 shares of the company’s stock worth $635,000 after purchasing an additional 537 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Up 7.9 %

Shares of NASDAQ SMCI opened at $42.17 on Monday. The firm has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21. 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 $114.78. The firm’s 50-day moving average is $38.01 and its 200-day moving average is $37.98.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.57.

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.