Harvest Investment Services LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,725 shares of the company's stock, valued at approximately $2,003,000.
Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its position 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 buying an additional 893 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth approximately $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the fourth quarter worth approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms have recently issued reports on SMCI. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Barclays assumed coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective for the company. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Finally, Citigroup started coverage on shares of Super Micro Computer in a report on Friday. They set a "neutral" rating and a $39.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $51.67.
View Our Latest Research Report on Super Micro Computer
Super Micro Computer Price Performance
Super Micro Computer stock traded up $0.66 during midday trading on Friday, reaching $36.47. The company's stock had a trading volume of 38,037,111 shares, compared to its average volume of 72,263,064. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The firm has a market capitalization of $21.64 billion, a PE ratio of 18.31 and a beta of 1.22. The stock's 50 day simple moving average is $38.37 and its 200 day simple moving average is $36.21.
Super Micro Computer Profile
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Free Report)
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.
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