Stifel Financial Corp Has $9.28 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Stifel Financial Corp grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 731.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,452 shares of the company's stock after purchasing an additional 267,824 shares during the period. Stifel Financial Corp owned approximately 0.05% of Super Micro Computer worth $9,280,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $292,869,000. Invesco Ltd. increased its position in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Super Micro Computer by 416,945.0% in the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock worth $114,404,000 after buying an additional 3,752,505 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SMCI shares. Cfra upgraded shares of 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. Mizuho dropped their price objective on shares of Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Citigroup began coverage on Super Micro Computer in a research report on Friday, April 25th. They set a "neutral" rating and a $39.00 target price on the stock. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a research note on Thursday, March 6th. Three 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $48.73.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, 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. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Up 3.4 %

NASDAQ:SMCI traded up $1.10 on Thursday, reaching $32.96. The stock had a trading volume of 31,966,427 shares, compared to its average volume of 66,255,383. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The stock has a market cap of $19.67 billion, a P/E ratio of 16.54 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $36.96 and a 200 day moving average of $35.96.

Super Micro Computer Company 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.