Steward Partners Investment Advisory LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,175.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,266 shares of the company's stock after buying an additional 9,461 shares during the period. Steward Partners Investment Advisory LLC's holdings in Super Micro Computer were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont increased its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during 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 last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $34,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on SMCI shares. Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective for the company. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Rosenblatt Securities began coverage on shares of Super Micro Computer in a report on Monday. They issued a "buy" rating and a $60.00 target price on the stock. Three research 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. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $52.57.
View Our Latest Report on SMCI
Super Micro Computer Price Performance
Shares of Super Micro Computer stock traded up $3.09 on Friday, hitting $42.17. The company's stock had a trading volume of 56,956,090 shares, compared to its average volume of 78,071,141. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $114.78. 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 fifty day moving average price of $38.01 and a 200-day moving average price of $38.22. The company has a market capitalization of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21.
Insider Buying and Selling at Super Micro Computer
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company's 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated 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 ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.
About Super Micro Computer
(
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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