Super Micro Computer, Inc. (NASDAQ:SMCI) Position Boosted by Advisory Services Network LLC

Advisory Services Network LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,112.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,449 shares of the company’s stock after purchasing an additional 103,171 shares during the quarter. Advisory Services Network LLC’s holdings in Super Micro Computer were worth $3,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SMCI. Parkside Financial Bank & Trust lifted its stake in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Super Micro Computer by 902.0% during the 4th 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. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont boosted its holdings in 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. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the fourth quarter worth $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 15.8 %

Super Micro Computer stock opened at $36.71 on Thursday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $102.03. The firm has a market capitalization of $21.79 billion, a PE ratio of 18.43 and a beta of 1.22. The company’s 50-day moving average is $39.94 and its 200-day moving average is $37.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated 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 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. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMCI. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $53.00.

About Super Micro Computer

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.