Cynosure Group LLC Takes $556,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Cynosure Group LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,231 shares of the company's stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC grew its holdings in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after acquiring an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock worth $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. Finally, Swiss National Bank boosted its position in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

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Insiders Place Their Bets

In other Super Micro Computer news, 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 transaction of $3,620,425.60. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated Friday, February 28th. The shares were 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. In the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SMCI. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Finally, Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective for the company. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average price target of $53.00.

Super Micro Computer Trading Down 7.7 %

Shares of SMCI traded down $2.50 on Friday, reaching $29.82. 54,337,949 shares of the company's stock were exchanged, compared to its average volume of 73,244,103. The business has a 50 day moving average price of $39.46 and a two-hundred day moving average price of $37.47. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $105.72. The stock has a market capitalization of $17.70 billion, a P/E ratio of 14.97 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer 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.