Harvest Investment Services LLC Purchases New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Harvest Investment Services LLC bought 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 13F filing with the SEC. The institutional investor bought 65,725 shares of the company's stock, valued at approximately $2,003,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer during the 4th quarter worth about $635,000. Nepsis Inc. bought a new stake in Super Micro Computer in the fourth quarter valued at $13,625,000. Fifth Third Bancorp raised its stake in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after acquiring an additional 11,488 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at $277,000. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $5,113,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Trading Up 8.8 %

Super Micro Computer stock traded up $2.91 during mid-day trading on Thursday, hitting $35.81. 50,121,274 shares of the company's stock were exchanged, compared to its average volume of 72,313,771. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. 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 $21.25 billion, a P/E ratio of 17.98 and a beta of 1.22. The company's 50 day simple moving average is $38.75 and its 200-day simple moving average is $36.27.

Insider Activity

In other news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on 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 of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. 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 90 days. Corporate insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SMCI. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Barclays began coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target for the company. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus target price of $52.57.

Super Micro Computer Company 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.