Franklin Resources Inc. Makes New $1.03 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Franklin Resources Inc. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 33,810 shares of the company's stock, valued at approximately $1,031,000.

A number of other institutional investors have also recently made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer during the 4th quarter valued at approximately $30,000. Trust Co. of Vermont increased its position 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 valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust raised its stake in Super Micro Computer by 2,890.9% in 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 lifted 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 worth $30,000 after acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in Super Micro Computer during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Trading Down 1.2 %

Shares of NASDAQ SMCI traded down $0.40 during midday trading on Friday, reaching $31.50. 26,880,541 shares of the stock were exchanged, compared to its average volume of 73,159,649. The stock has a market capitalization of $18.69 billion, a P/E ratio of 15.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a 50 day simple moving average of $39.87 and a 200 day simple moving average of $36.64. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

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 that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was 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 valued at $6,771,552. 17.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

SMCI has been the topic of several research reports. 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 report on Tuesday, February 11th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.57.

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.