Synovus Financial Corp Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Synovus Financial Corp raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 837.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,983 shares of the company's stock after purchasing an additional 8,918 shares during the quarter. Synovus Financial Corp's holdings in Super Micro Computer were worth $304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. Parkside Financial Bank & Trust increased its stake 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 worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont lifted its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 900 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In other 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 completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred 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 $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last quarter. 17.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SMCI shares. Rosenblatt Securities initiated coverage on Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.57.

Super Micro Computer Trading Down 5.8 %

NASDAQ:SMCI traded down $1.83 during mid-day trading on Monday, reaching $29.68. The company's stock had a trading volume of 10,376,040 shares, compared to its average volume of 72,641,421. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The company's fifty day simple moving average is $39.73 and its two-hundred day simple moving average is $36.50. The stock has a market cap of $17.61 billion, a P/E ratio of 14.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.