Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 223.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,948 shares of the company's stock after acquiring an additional 24,830 shares during the quarter. NewEdge Advisors LLC's holdings in Super Micro Computer were worth $1,096,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its holdings in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after buying an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth about $292,869,000. Invesco Ltd. grew its holdings in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Super Micro Computer by 649.5% during the 4th quarter. Legal & General Group Plc now owns 3,739,323 shares of the company's stock valued at $113,975,000 after acquiring an additional 3,240,401 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 SEC, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, 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 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Insiders own 17.60% of the company's stock.

Super Micro Computer Trading Up 8.8 %

Super Micro Computer stock opened at $35.81 on Friday. The stock has a 50-day moving average price of $38.75 and a 200 day moving average price of $36.27. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. The stock has a market cap of $21.25 billion, a PE ratio of 17.98 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SMCI. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays began 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 price objective for the company. Finally, StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.

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