Emerald Advisers LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 892.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,500 shares of the company's stock after purchasing an additional 13,938 shares during the period. Emerald Advisers LLC's holdings in Super Micro Computer were worth $472,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont increased its stake 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 purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Super Micro Computer
In related news, Director Robert L. Blair sold 19,460 shares of the firm'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. 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. Company insiders own 17.60% of the company's stock.
Super Micro Computer Trading Down 2.5 %
Super Micro Computer stock traded down $1.05 during trading on Tuesday, reaching $40.67. 50,799,072 shares of the company were exchanged, compared to its average volume of 73,254,549. The stock's 50 day simple moving average is $38.87 and its two-hundred day simple moving average is $37.83. The company has a market capitalization of $24.14 billion, a P/E ratio of 20.42 and a beta of 1.21. 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, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on SMCI. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $35.00 to $45.00 in a research report on Friday. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 target price for the company. Finally, Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.00.
Check Out Our Latest Stock Report on Super Micro Computer
Super Micro Computer Company Profile
(
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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