Creative Financial Designs Inc. ADV Purchases Shares of 3,650 Super Micro Computer, Inc. (NASDAQ:SMCI)

Creative Financial Designs Inc. ADV acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,650 shares of the company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new position in Super Micro Computer in the 3rd quarter valued at about $270,000. Benjamin Edwards Inc. bought a new stake in shares of Super Micro Computer during the third quarter worth approximately $383,000. Parkside Financial Bank & Trust grew its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on SMCI. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.57.

Super Micro Computer Trading Down 2.5 %

SMCI opened at $39.10 on Friday. The company’s 50 day moving average is $38.47 and its 200-day moving average is $37.89. The company has a market cap of $23.21 billion, a P/E ratio of 19.63 and a beta of 1.21. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $110.61. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by insiders.

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.