Advisory Services Network LLC Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Advisory Services Network LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,112.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,449 shares of the company's stock after purchasing an additional 103,171 shares during the period. Advisory Services Network LLC's holdings in Super Micro Computer were worth $3,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Super Micro Computer by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 6,560 shares of the company's stock valued at $2,732,000 after acquiring an additional 1,736 shares during the period. Stifel Financial Corp boosted its position in shares of Super Micro Computer by 110.8% in the third quarter. Stifel Financial Corp now owns 36,628 shares of the company's stock worth $15,252,000 after purchasing an additional 19,252 shares during the period. M&T Bank Corp increased its stake in shares of Super Micro Computer by 142.6% in the third quarter. M&T Bank Corp now owns 2,681 shares of the company's stock worth $1,117,000 after purchasing an additional 1,576 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock valued at $529,753,000 after purchasing an additional 16,007 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after buying an additional 21,997 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

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Insider Activity at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was 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. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 2.1 %

SMCI stock traded up $0.71 during mid-day trading on Monday, reaching $33.86. 17,212,409 shares of the stock traded hands, compared to its average volume of 73,465,145. The business has a 50-day moving average price of $40.16 and a two-hundred day moving average price of $36.81. The stock has a market capitalization of $20.10 billion, a PE ratio of 17.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $102.03.

Analysts Set New Price Targets

SMCI has been the topic of a number of recent analyst reports. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Barclays began coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $53.00.

About Super Micro Computer

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.