Tower Research Capital LLC TRC Lowers Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Tower Research Capital LLC TRC cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 86.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,140 shares of the company's stock after selling 324,232 shares during the quarter. Tower Research Capital LLC TRC's holdings in Super Micro Computer were worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SMCI. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer during the fourth quarter worth $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $13,625,000. Fifth Third Bancorp raised its holdings in shares of Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after buying an additional 11,488 shares during the period. Oak Thistle LLC purchased a new position in Super Micro Computer during the 4th quarter valued at about $277,000. Finally, Diversify Advisory Services LLC acquired a new position in Super Micro Computer in the 4th quarter valued at about $5,113,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Citigroup began coverage on shares of Super Micro Computer in a research report on Friday. They issued a "neutral" rating and a $39.00 price target for the company. Barclays started 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 on the stock. Rosenblatt Securities started coverage on Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus price target of $51.67.

Super Micro Computer Stock Performance

NASDAQ:SMCI traded down $0.07 during mid-day trading on Monday, reaching $36.40. 24,323,384 shares of the stock were exchanged, compared to its average volume of 72,081,525. The stock has a market capitalization of $21.60 billion, a P/E ratio of 18.28 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 50 day simple moving average of $38.37 and a 200-day simple moving average of $36.06. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.