Cerity Partners LLC Has $491,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Cerity Partners LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 495.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,106 shares of the company’s stock after buying an additional 13,399 shares during the period. Cerity Partners LLC’s holdings in Super Micro Computer were worth $491,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth $30,000. Trust Co. of Vermont raised 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 during the period. 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 acquiring 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 institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated 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 owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SMCI. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. StockNews.com raised 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, JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.57.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $29.51 on Tuesday. The firm has a market capitalization of $17.51 billion, a P/E ratio of 14.81 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $39.53 and its 200 day simple moving average is $36.42. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $101.40.

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.