Accent Capital Management LLC lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 900.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,710 shares of the company's stock after purchasing an additional 7,839 shares during the quarter. Accent Capital Management LLC's holdings in Super Micro Computer were worth $265,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the 4th quarter valued at approximately $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC grew its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer in the fourth quarter valued at $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SMCI shares. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price on the stock. Northland Securities set a $70.00 target price on Super Micro Computer in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $35.00 to $45.00 in a report on Friday, March 21st. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. Finally, 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 company from $40.00 to $32.00 in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten 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, the stock has a consensus rating of "Hold" and an average price target of $53.00.
Check Out Our Latest Research Report on SMCI
Insider Buying and Selling
In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 in the last ninety days. 17.60% of the stock is owned by insiders.
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI traded down $0.02 during midday trading on Monday, hitting $34.24. The stock had a trading volume of 43,433,080 shares, compared to its average volume of 73,433,949. The company's 50-day moving average price is $39.33 and its 200-day moving average price is $37.72. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $106.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $20.32 billion, a P/E ratio of 17.19 and a beta of 1.21.
About Super Micro Computer
(
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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