SLT Holdings LLC Buys New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

SLT Holdings LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,250 shares of the company’s stock, valued at approximately $861,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont boosted 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 worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted 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 worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted 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 worth $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer during the fourth quarter worth $31,000. 84.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Barclays initiated coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Northland Securities reissued an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Three 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. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $56.64.

Super Micro Computer Stock Up 3.2 %

SMCI stock opened at $38.24 on Friday. The stock has a market capitalization of $22.69 billion, a P/E ratio of 19.20 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The firm has a 50-day moving average price of $37.08 and a 200-day moving average price of $38.79.

Insider Transactions at Super Micro Computer

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 the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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.