HighPoint Advisor Group LLC Sells 17,527 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

HighPoint Advisor Group LLC cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,458 shares of the company's stock after selling 17,527 shares during the period. HighPoint Advisor Group LLC's holdings in Super Micro Computer were worth $2,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust increased its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SMCI shares. 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 company from $40.00 to $32.00 in a research report on Monday, March 24th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 target price on Super Micro Computer in a research note on Thursday, March 6th. StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.00.

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Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company'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 disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded up $0.81 during mid-day trading on Tuesday, reaching $35.05. 41,604,802 shares of the company's stock were exchanged, compared to its average volume of 73,394,634. The firm has a 50-day moving average price of $39.45 and a two-hundred day moving average price of $37.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $105.72.

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.