Andra AP fonden Acquires Shares of 217,071 Super Micro Computer, Inc. (NASDAQ:SMCI)

Andra AP fonden acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 217,071 shares of the company’s stock, valued at approximately $6,616,000.

Several other institutional investors have also modified their holdings of SMCI. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont raised its position in shares of Super Micro Computer by 900.0% during 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 in the last quarter. Parkside Financial Bank & Trust lifted its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in Super Micro Computer in the fourth quarter valued at approximately $34,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Barclays began 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 for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.64.

Super Micro Computer Trading Up 3.2 %

Shares of Super Micro Computer stock opened at $38.24 on Friday. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company’s 50-day simple moving average is $37.08 and its 200-day simple moving average is $38.79. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

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.