Commerce Bank Has $10.57 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Commerce Bank raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 35,175.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,753 shares of the company's stock after acquiring an additional 345,770 shares during the quarter. Commerce Bank owned about 0.06% of Super Micro Computer worth $10,569,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. 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 worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of 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. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its stake in 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 acquired a new stake in Super Micro Computer in the 4th quarter valued at approximately $31,000. 84.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SMCI shares. Rosenblatt Securities started coverage on Super Micro Computer in a report on Monday, March 10th. They set a "buy" rating and a $60.00 price target for the company. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.57.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $2.97 on Wednesday, hitting $33.55. The stock had a trading volume of 40,145,875 shares, compared to its average volume of 72,364,816. The firm's 50 day moving average price is $39.29 and its 200-day moving average price is $36.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 16.84 and a beta of 1.22.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on 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 owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company's stock.

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.