Garden State Investment Advisory Services LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Garden State Investment Advisory Services LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,448 shares of the company's stock, valued at approximately $1,141,000.

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama raised its holdings in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. Shelton Capital Management lifted its position in Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after acquiring an additional 480 shares during the last quarter. AlphaQuest LLC boosted its stake in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares during the last quarter. Finally, Montag A & Associates Inc. increased its position in shares of Super Micro Computer by 103.6% during the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 865 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last three months. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Three 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 issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer presently has an average rating of "Hold" and a consensus 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.