Amalgamated Bank Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Amalgamated Bank grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 887.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,994 shares of the company’s stock after acquiring an additional 93,458 shares during the quarter. Amalgamated Bank’s holdings in Super Micro Computer were worth $3,170,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SMCI. Bank of New York Mellon Corp raised its holdings in Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares during the period. Rhumbline Advisers increased its position in shares of Super Micro Computer by 897.0% in the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after acquiring an additional 885,582 shares during the period. Principal Financial Group Inc. raised its stake in shares of Super Micro Computer by 887.7% during the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock valued at $19,060,000 after acquiring an additional 562,029 shares during the last quarter. Finally, Nepsis Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $13,625,000. 84.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays began coverage on Super Micro Computer in a report on Thursday. They set an “equal weight” rating and a $59.00 target price for the company. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a report on Friday. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.87.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was 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 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. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

SMCI stock opened at $41.09 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a 50 day moving average price of $36.63 and a 200-day moving average price of $39.58. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 20.63 and a beta of 1.30.

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.