Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,175.3% in the 4th quarter, HoldingsChannel reports. The fund owned 10,266 shares of the company’s stock after purchasing an additional 9,461 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Super Micro Computer were worth $313,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the period. State Street Corp boosted its stake in shares of Super Micro Computer by 4.3% during the 3rd 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after buying an additional 1,192,366 shares in the last quarter. Geode Capital Management LLC raised its holdings in Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research reports. The Goldman Sachs Group upped their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.57.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 corporate insiders.

Super Micro Computer Stock Down 8.0 %

SMCI stock opened at $39.08 on Friday. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 19.62 and a beta of 1.21. The company has a 50 day moving average of $37.83 and a two-hundred day moving average of $38.19. 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, Inc. has a 12-month low of $17.25 and a 12-month high of $119.56.

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.