Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $279,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 982 shares of the company's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also modified their holdings of SMCI. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock valued at $375,818,000 after buying an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC bought a new position in Super Micro Computer during the third quarter valued at about $140,751,000. Millennium Management LLC raised its holdings in Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company's stock valued at $24,586,000 after buying an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Super Micro Computer by 4,603.3% in the first quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company's stock valued at $826,000 after purchasing an additional 461,808 shares during the last quarter. Finally, FMR LLC grew its position in shares of Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company's stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 in the last three months. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

NASDAQ SMCI traded up $93.55 during trading on Tuesday, reaching $976.30. 7,075,858 shares of the company traded hands, compared to its average volume of 9,939,459. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock's 50 day moving average price is $946.77 and its two-hundred day moving average price is $539.27. The company has a market cap of $54.60 billion, a price-to-earnings ratio of 76.21, a P/E/G ratio of 0.80 and a beta of 1.28. Super Micro Computer, Inc. has a 1-year low of $93.19 and a 1-year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. Super Micro Computer's revenue was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.09 EPS. As a group, analysts anticipate that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. Argus initiated coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research report on Monday, March 25th. They set an "overweight" rating and a $1,150.00 target price on the stock. Bank of America lifted their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Barclays lifted their target price on Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Finally, Wedbush lifted their target price on Super Micro Computer from $250.00 to $530.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $949.85.

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.