LPL Financial LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 561.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,605 shares of the company's stock after purchasing an additional 573,439 shares during the period. LPL Financial LLC owned approximately 0.12% of Super Micro Computer worth $20,592,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont raised its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SMCI shares. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. upgraded 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 report on Friday, March 21st. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $53.00.
View Our Latest Research Report on Super Micro Computer
Super Micro Computer Price Performance
SMCI stock traded up $0.81 during midday trading on Tuesday, reaching $35.05. 41,604,802 shares of the company's stock traded hands, compared to its average volume of 73,394,634. 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 company has a market cap of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. The company has a 50-day simple moving average of $39.45 and a two-hundred day simple moving average of $37.58. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $105.72.
Insider Activity
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's 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 of the company's stock, valued at $981,785.52. The trade was 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 valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by company insiders.
Super Micro Computer Company Profile
(
Free Report)
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.
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