Phoenix Financial Ltd. acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,643 shares of the company's stock, valued at approximately $507,000.
A number of other institutional investors have also recently bought and sold shares of SMCI. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont lifted its holdings 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 acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its stake 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 valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC increased its holdings in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of 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.
Insiders Place Their Bets
In related news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last three months. Insiders own 17.60% of the company's stock.
Wall Street Analyst Weigh In
SMCI has been the topic of several research analyst reports. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $45.00 in a report on Friday, March 21st. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Finally, Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $53.00.
Check Out Our Latest Report on SMCI
Super Micro Computer Stock Performance
Shares of NASDAQ:SMCI traded up $0.39 on Tuesday, hitting $33.51. The company had a trading volume of 22,809,062 shares, compared to its average volume of 73,337,932. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $102.03. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 16.82 and a beta of 1.22. The stock has a 50 day moving average price of $40.19 and a 200 day moving average price of $36.76. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.
Super Micro Computer Profile
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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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