Amalgamated Bank Purchases 93,458 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

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

Other hedge funds have also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Super Micro Computer during the third quarter valued at approximately $87,000. Miller Wealth Advisors LLC purchased a new position in Super Micro Computer in the third quarter worth $152,000. Archer Investment Corp grew its stake in Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after purchasing an additional 448 shares during the period. TrueWealth Advisors LLC increased its position in shares of Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Bell Bank bought a new stake in shares of Super Micro Computer during the 3rd quarter worth $259,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on 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 owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SMCI shares. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday. They set an “equal weight” rating and a $59.00 price target for the company. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $61.87.

Super Micro Computer Stock Down 4.3 %

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

Super Micro Computer 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.