Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 869.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,804 shares of the company’s stock after purchasing an additional 250,059 shares during the period. Commonwealth Equity Services LLC’s holdings in Super Micro Computer were worth $8,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont increased its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its holdings 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 during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.57.

Insider Buying and Selling at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of Super Micro Computer 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 sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction 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. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Up 5.8 %

SMCI stock opened at $40.10 on Thursday. 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 firm’s 50-day simple moving average is $38.34 and its 200 day simple moving average is $37.88. The stock has a market cap of $23.80 billion, a PE ratio of 20.13 and a beta of 1.21. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $110.61.

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.