World Investment Advisors Reduces Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

World Investment Advisors decreased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 88.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,655 shares of the company's stock after selling 50,314 shares during the quarter. World Investment Advisors' holdings in Super Micro Computer were worth $203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted 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 worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its position in Super Micro Computer by 902.0% in 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 during the last quarter. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont grew its stake in 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 during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $53.00.

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Super Micro Computer Price Performance

SMCI traded down $0.53 on Friday, reaching $33.15. The company had a trading volume of 27,544,182 shares, compared to its average volume of 73,683,597. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $102.03. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 16.64 and a beta of 1.22. The business has a 50 day simple moving average of $40.16 and a 200 day simple moving average of $36.81.

Insider Buying and Selling at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction 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 transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the business'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 disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company's stock.

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.