Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Accent Capital Management LLC

Accent Capital Management LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,710 shares of the company’s stock after purchasing an additional 7,839 shares during the quarter. Accent Capital Management LLC’s holdings in Super Micro Computer were worth $265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after purchasing an additional 2,616,757 shares in the last quarter. Swiss National Bank increased its holdings in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after buying an additional 1,332,400 shares during the last quarter. Finally, Amundi acquired a new stake in Super Micro Computer in the fourth quarter valued at $41,563,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMCI. 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 on the stock. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on Super Micro Computer in a research note on Monday, March 10th. They set a “buy” rating and a $60.00 price target on the stock. 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 MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus price target of $53.00.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on 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 directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Trading Down 1.3 %

Shares of SMCI stock opened at $34.26 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $106.90. 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 fifty day moving average price is $39.33 and its 200 day moving average price is $37.77. The firm has a market capitalization of $20.33 billion, a PE ratio of 17.20 and a beta of 1.21.

Super Micro Computer 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.