Harvest Investment Services LLC Invests $2 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Harvest Investment Services LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 65,725 shares of the company’s stock, valued at approximately $2,003,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in Super Micro Computer in the fourth quarter worth approximately $292,869,000. Invesco Ltd. increased its stake in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Super Micro Computer by 416,945.0% during the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company’s stock valued at $114,404,000 after purchasing an additional 3,752,505 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Trading Down 6.3 %

Shares of SMCI opened at $29.51 on Tuesday. The stock has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $36.42. 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 $17.51 billion, a PE ratio of 14.81 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SMCI shares. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Barclays assumed coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $52.57.

About Super Micro Computer

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.