Steward Partners Investment Advisory LLC Purchases 9,461 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Steward Partners Investment Advisory LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,175.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,266 shares of the company’s stock after acquiring an additional 9,461 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Super Micro Computer were worth $313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $30,000. Trust Co. of Vermont increased 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 purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during the 4th 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. Toth Financial Advisory Corp purchased a new stake in Super Micro Computer in the 4th quarter worth about $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in Super Micro Computer in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of recent analyst reports. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays initiated coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. The Goldman Sachs Group boosted their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Rosenblatt Securities started coverage on Super Micro Computer in a report on Monday. They set a “buy” rating and a $60.00 price target on the stock. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Three equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.57.

Super Micro Computer Price Performance

SMCI opened at $39.08 on Friday. The business has a fifty day moving average of $37.83 and a 200 day moving average of $38.19. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $119.56. 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 stock has a market cap of $23.19 billion, a P/E ratio of 19.62 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business’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 owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, 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. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Corporate insiders own 17.60% of the company’s stock.

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.