NewEdge Advisors LLC Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

NewEdge Advisors LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 223.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,948 shares of the company's stock after purchasing an additional 24,830 shares during the period. NewEdge Advisors LLC's holdings in Super Micro Computer were worth $1,096,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its stake in Super Micro Computer by 902.0% in 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 stake in Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont increased its stake in Super Micro Computer by 900.0% in 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 stake in Super Micro Computer in the 4th quarter worth approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research reports. Barclays initiated coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.67.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. 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 over the last three months. 17.60% of the stock is owned by company insiders.

Super Micro Computer Trading Up 2.2 %

Shares of NASDAQ SMCI traded up $0.80 during mid-day trading on Monday, reaching $37.27. The company had a trading volume of 42,368,700 shares, compared to its average volume of 72,150,378. The business's 50-day moving average is $37.91 and its 200-day moving average is $35.99. 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 stock has a market cap of $22.12 billion, a price-to-earnings ratio of 18.71 and a beta of 1.22. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40.

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.