Ausdal Financial Partners Inc. Acquires 6,056 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Ausdal Financial Partners Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,056.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,629 shares of the company’s stock after buying an additional 6,056 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Super Micro Computer were worth $202,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC raised its holdings in Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after acquiring an additional 497 shares in the last quarter. Bank of Montreal Can increased its position in shares of Super Micro Computer by 7.2% during the 3rd quarter. Bank of Montreal Can now owns 78,374 shares of the company’s stock worth $32,897,000 after purchasing an additional 5,275 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after purchasing an additional 522 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Super Micro Computer by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock valued at $6,377,000 after buying an additional 2,403 shares during the last quarter. Finally, Providence Wealth Advisors LLC grew its stake in shares of Super Micro Computer by 900.0% in the third quarter. Providence Wealth Advisors LLC now owns 6,810 shares of the company’s stock valued at $2,836,000 after buying an additional 6,129 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMCI has been the topic of several analyst reports. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Trading Down 1.3 %

Shares of Super Micro Computer stock opened at $34.26 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90. The stock has a market cap of $20.33 billion, a PE ratio of 17.20 and a beta of 1.21. The firm has a 50-day moving average of $39.33 and a 200-day moving average of $37.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was 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 of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. Company 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.