Natixis Advisors LLC Purchases New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Natixis Advisors LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,233 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors and hedge funds also recently modified their holdings of SMCI. Benjamin Edwards Inc. bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing 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 fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $30,000. Finally, Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $34.26 on Friday. The stock has a market cap of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21. The business’s fifty day moving average is $39.33 and its 200 day moving average is $37.77. 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 $106.90.

Insider Activity at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SMCI. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.