Arlington Capital Management Inc. Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Arlington Capital Management Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 335.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,087 shares of the company’s stock after acquiring an additional 5,459 shares during the quarter. Super Micro Computer makes up about 1.8% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Arlington Capital Management Inc.’s holdings in Super Micro Computer were worth $2,015,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in Super Micro Computer by 28.6% during the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after purchasing an additional 28 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Super Micro Computer by 29.5% in the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after purchasing an additional 41 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Super Micro Computer by 8.0% during the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock worth $167,000 after purchasing an additional 45 shares during the period. Quintet Private Bank Europe S.A. boosted its position in Super Micro Computer by 1.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock valued at $945,000 after buying an additional 60 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Super Micro Computer by 2.8% in the 4th quarter. Ritholtz Wealth Management now owns 2,205 shares of the company’s stock worth $627,000 after buying an additional 60 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SMCI has been the topic of several recent research reports. Bank of America upped their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Loop Capital raised their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Wedbush upped their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $954.38.

Insiders Place Their Bets

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,252 shares of company stock valued at $29,950,223 in the last three months. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $11.59 during midday trading on Thursday, hitting $811.05. The company had a trading volume of 2,272,212 shares, compared to its average volume of 9,385,128. The business’s 50-day simple moving average is $944.91 and its 200-day simple moving average is $596.29. The stock has a market cap of $45.36 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer, Inc. has a twelve month low of $131.06 and a twelve month high of $1,229.00.

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.