Mizuho Securities USA LLC Acquires 44,463 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Mizuho Securities USA LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,361.4% during the fourth quarter, HoldingsChannel reports. The firm owned 47,729 shares of the company’s stock after buying an additional 44,463 shares during the quarter. Mizuho Securities USA LLC’s holdings in Super Micro Computer were worth $1,455,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont raised its position 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 purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its stake in Super Micro Computer by 2,890.9% in 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. Larson Financial Group LLC lifted its stake in shares of Super Micro Computer by 902.0% during 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. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $31,000. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now 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 137,473 shares of company stock worth $6,771,552 in the last three months. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 2.6 %

Shares of NASDAQ:SMCI opened at $40.64 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The firm has a market capitalization of $24.12 billion, a P/E ratio of 20.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business’s 50-day moving average is $39.07 and its 200 day moving average is $37.83.

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.