Kovack Advisors Inc. Buys 12,200 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Kovack Advisors Inc. lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 671.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,017 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. Kovack Advisors Inc.’s holdings in Super Micro Computer were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after acquiring an additional 2,616,757 shares during the last quarter. State Street Corp raised its position in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock worth $529,753,000 after acquiring an additional 16,007 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after acquiring an additional 31,064 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SMCI shares. Northland Securities restated an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays started coverage on Super Micro Computer in a research report on Thursday. They set an “equal weight” rating and a $59.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Finally, Loop Capital restated a “buy” 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 assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.87.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the 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 directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $41.09 on Friday. The company has a market cap of $24.06 billion, a PE ratio of 20.63 and a beta of 1.30. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The business has a 50 day moving average price of $36.63 and a 200-day moving average price of $39.68. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.