Cerity Partners LLC Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Cerity Partners LLC boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 495.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,106 shares of the company's stock after purchasing an additional 13,399 shares during the quarter. Cerity Partners LLC's holdings in Super Micro Computer were worth $491,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC raised its position in shares of Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after buying an additional 762 shares in the last quarter. Blue Trust Inc. increased its stake in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares during the last quarter. Montag A & Associates Inc. raised its position in Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 865 shares during the period. Larson Financial Group LLC lifted its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings 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 worth $30,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent research reports. 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 on the stock. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their target price on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and a consensus target price of $52.57.

Insider Buying and Selling at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Stock Up 7.6 %

SMCI stock traded up $2.33 during trading on Wednesday, hitting $32.91. 56,277,365 shares of the company's stock traded hands, compared to its average volume of 72,425,333. The firm has a market capitalization of $19.53 billion, a P/E ratio of 16.52 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $39.29 and a two-hundred day simple moving average of $36.38.

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.