Concorde Asset Management LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,323.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,580 shares of the company's stock after purchasing an additional 19,134 shares during the quarter. Concorde Asset Management LLC's holdings in Super Micro Computer were worth $627,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in SMCI. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer during the fourth quarter worth approximately $30,000. Trust Co. of Vermont lifted its holdings 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 acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 purchasing an additional 954 shares during the period. Larson Financial Group LLC increased its holdings in 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 in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Stock Performance
Shares of NASDAQ:SMCI traded up $0.28 during trading on Tuesday, reaching $33.40. 18,341,200 shares of the company's stock traded hands, compared to its average volume of 73,306,342. The stock has a market capitalization of $19.82 billion, a P/E ratio of 16.77 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. 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.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on SMCI shares. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective on the stock. Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Three equities research 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. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average price target of $53.00.
View Our Latest Stock Report on SMCI
Insider Activity
In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by insiders.
Super Micro Computer Company Profile
(
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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