Virtu Financial LLC Invests $484,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Virtu Financial LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,866 shares of the company’s stock, valued at approximately $484,000.

Several other institutional investors have also added to or reduced their stakes in SMCI. Advisors Asset Management Inc. increased its stake in shares of Super Micro Computer by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after purchasing an additional 478 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Super Micro Computer in the third quarter valued at about $270,000. Cerity Partners LLC grew its position in Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after acquiring an additional 497 shares during the last quarter. Bank of Montreal Can raised its stake in Super Micro Computer by 7.2% during the third quarter. Bank of Montreal Can now owns 78,374 shares of the company’s stock worth $32,897,000 after acquiring an additional 5,275 shares in the last quarter. Finally, Patton Albertson Miller Group LLC bought a new position in shares of Super Micro Computer in the third quarter worth about $2,125,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective on the stock. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price for the company. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Price Performance

Shares of SMCI opened at $40.64 on Wednesday. The firm has a market cap of $24.12 billion, a PE ratio of 20.40 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The business’s 50 day moving average price is $39.07 and its two-hundred day moving average price is $37.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value 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 $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last quarter. 17.60% of the stock is owned by corporate insiders.

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.