Mariner LLC Has $2.61 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mariner LLC lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 323.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,506 shares of the company’s stock after buying an additional 65,295 shares during the period. Mariner LLC’s holdings in Super Micro Computer were worth $2,606,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new position in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. raised its position in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after acquiring an additional 3,309,398 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 3.6 %

Shares of SMCI opened at $30.58 on Wednesday. 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 12 month low of $17.25 and a 12 month high of $101.40. The firm’s 50 day moving average is $39.29 and its 200-day moving average is $36.38. The stock has a market capitalization of $18.15 billion, a PE ratio of 15.35 and a beta of 1.22.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the 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 SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the business’s 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 approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Rosenblatt Securities initiated coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.57.

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.