Summit Investment Advisors Inc. Has $150,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Summit Investment Advisors Inc. lowered its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 78.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,907 shares of the company's stock after selling 18,013 shares during the period. Summit Investment Advisors Inc.'s holdings in Super Micro Computer were worth $150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $635,000. Nepsis Inc. acquired a new stake in Super Micro Computer in the fourth quarter worth $13,625,000. Fifth Third Bancorp lifted its stake in Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after buying an additional 11,488 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Super Micro Computer during the fourth quarter valued at $277,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Super Micro Computer during the fourth quarter worth about $5,113,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Super Micro Computer stock traded up $2.91 during mid-day trading on Thursday, hitting $35.81. The company's stock had a trading volume of 50,121,274 shares, compared to its average volume of 72,294,054. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The stock's fifty day moving average price is $38.99 and its two-hundred day moving average price is $36.35. The stock has a market capitalization of $21.25 billion, a P/E ratio of 17.98 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $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 is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on 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 directly owns 19,449 shares in the company, 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. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SMCI. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Rosenblatt Securities initiated coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 price target for the company. Finally, Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $52.57.

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.