Adage Capital Partners GP L.L.C. Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Adage Capital Partners GP L.L.C. raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 960.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,500 shares of the company's stock after purchasing an additional 326,500 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.06% of Super Micro Computer worth $10,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SMCI. Parkside Financial Bank & Trust raised its holdings 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 buying an additional 954 shares in the last quarter. Larson Financial Group LLC grew its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont grew its position in Super Micro Computer by 900.0% during the 4th 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. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer during the 4th quarter worth approximately $31,000. Institutional investors own 84.06% of the company's stock.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the business'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 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 insiders.

Super Micro Computer Stock Up 3.8 %

NASDAQ:SMCI traded up $1.20 during trading hours on Thursday, reaching $33.06. 34,170,386 shares of the company traded hands, compared to its average volume of 72,039,791. The business's 50-day moving average price is $36.96 and its two-hundred day moving average price is $35.96. The stock has a market capitalization of $19.73 billion, a P/E ratio of 16.61 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho reduced their price target on Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Wednesday. Citigroup began coverage on Super Micro Computer in a research report on Friday, April 25th. They set a "neutral" rating and a $39.00 price target on the stock. Barclays cut their price objective on Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $48.73.

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.