Adage Capital Partners GP L.L.C. Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Adage Capital Partners GP L.L.C. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 960.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,500 shares of the company's stock after acquiring an additional 326,500 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.06% of Super Micro Computer worth $10,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont grew its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter valued at approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SMCI. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Cfra upgraded 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. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.67.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, 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. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 3.4 %

Shares of Super Micro Computer stock traded down $1.27 on Tuesday, hitting $36.00. 40,123,954 shares of the company traded hands, compared to its average volume of 72,034,843. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $21.37 billion, a PE ratio of 18.07 and a beta of 1.22. The stock's 50 day moving average price is $37.91 and its 200-day moving average price is $35.99. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40.

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.