Victory Capital Management Inc. Has $19.75 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Victory Capital Management Inc. grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,469 shares of the company’s stock after buying an additional 2,623 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Super Micro Computer worth $19,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Super Micro Computer in the 3rd quarter valued at $140,751,000. FMR LLC lifted its position in shares of Super Micro Computer by 161.2% during the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after acquiring an additional 295,835 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth $55,943,000. Finally, Ameriprise Financial Inc. increased its position in shares of Super Micro Computer by 89.1% in the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after purchasing an additional 165,353 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction dated Monday, April 29th. The stock was 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 owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction 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 sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. In 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 company insiders.

Super Micro Computer Trading Down 2.8 %

Shares of NASDAQ SMCI opened at $799.70 on Friday. The firm has a 50 day moving average price of $944.91 and a two-hundred day moving average price of $596.29. The stock has a market cap of $44.73 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Super Micro Computer, Inc. has a 52-week low of $131.06 and a 52-week high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Bank of America lifted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday. Barclays boosted their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Argus began coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.