Cibc World Markets Corp increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 875.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,512 shares of the company's stock after purchasing an additional 72,256 shares during the quarter. Cibc World Markets Corp's holdings in Super Micro Computer were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont lifted its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during 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 period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SMCI. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a research report on Monday. Cfra raised 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 restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and a consensus target price of $53.00.
Read Our Latest Report on SMCI
Insider Buying and Selling
In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly 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. In the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.
Super Micro Computer Stock Down 1.0 %
Shares of Super Micro Computer stock traded down $0.43 on Monday, reaching $41.72. The company's stock had a trading volume of 84,855,164 shares, compared to its average volume of 73,254,645. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21. 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, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. The firm's fifty day simple moving average is $38.66 and its two-hundred day simple moving average is $37.84.
About Super Micro Computer
(
Free Report)
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.
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