Commonwealth Equity Services LLC Buys 250,059 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Commonwealth Equity Services LLC increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 869.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 278,804 shares of the company's stock after buying an additional 250,059 shares during the quarter. Commonwealth Equity Services LLC's holdings in Super Micro Computer were worth $8,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC bought a new position in Super Micro Computer in the fourth quarter valued at about $635,000. Nepsis Inc. bought a new position in Super Micro Computer in the fourth quarter valued at about $13,625,000. Sanctuary Advisors LLC raised its position in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 11,488 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock valued at $67,084,000 after purchasing an additional 145,327 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. Company insiders own 17.60% of the company's stock.

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Super Micro Computer Trading Up 7.8 %

NASDAQ SMCI traded up $3.05 during trading hours on Friday, hitting $42.15. 64,353,000 shares of the company's stock were exchanged, compared to its average volume of 73,208,008. The stock has a 50-day simple moving average of $38.66 and a 200 day simple moving average of $37.88. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $110.61. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

Several research firms have commented on SMCI. Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group increased their target price on Super Micro Computer from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Rosenblatt Securities assumed coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. Finally, StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $53.29.

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.