Bank of Montreal Can Acquires 584,928 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Bank of Montreal Can grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 746.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 663,302 shares of the company's stock after buying an additional 584,928 shares during the period. Bank of Montreal Can owned 0.11% of Super Micro Computer worth $20,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% in 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. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its stake 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 period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded up $0.13 during trading on Tuesday, hitting $33.25. The company's stock had a trading volume of 20,259,693 shares, compared to its average volume of 73,315,151. The company has a 50-day moving average of $40.19 and a 200-day moving average of $36.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 16.69 and a beta of 1.22. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $102.03.

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Analyst Ratings Changes

A number of analysts have recently commented on the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective for the company. Finally, Cfra raised 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $53.00.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is currently owned by insiders.

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.