Creative Financial Designs Inc. ADV Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Creative Financial Designs Inc. ADV purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, HoldingsChannel reports. The firm purchased 3,650 shares of the company’s stock, valued at approximately $111,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMCI. Charles Schwab Investment Management Inc. boosted 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 valued at $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Swiss National Bank grew its position in shares of Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares during the period. Amundi bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Down 2.5 %

NASDAQ:SMCI opened at $39.10 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. The firm has a 50-day moving average price of $38.47 and a two-hundred day moving average price of $37.89. 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 $23.21 billion, a price-to-earnings ratio of 19.63 and a beta of 1.21.

Analysts Set New Price Targets

Several research firms have weighed in on SMCI. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have issued 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, the company has a consensus rating of “Hold” and a consensus target price of $52.57.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last three months. Corporate insiders own 17.60% of the company’s stock.

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.