Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Raised by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,577.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,270 shares of the company’s stock after purchasing an additional 36,929 shares during the period. Moors & Cabot Inc.’s holdings in Super Micro Computer were worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SMCI. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $30,000. Trust Co. of Vermont raised its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust raised its position 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 valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the fourth quarter valued at $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $39.08 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 19.62 and a beta of 1.21. The business’s 50-day simple moving average is $37.83 and its 200-day simple moving average is $38.19. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $119.56.

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.