Accent Capital Management LLC Grows Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Accent Capital Management LLC grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the 4th quarter, Holdings Channel reports. The fund owned 8,710 shares of the company’s stock after acquiring an additional 7,839 shares during the period. Accent Capital Management LLC’s holdings in Super Micro Computer were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $635,000. Nepsis Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter worth $13,625,000. Sanctuary Advisors LLC boosted its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after purchasing an additional 11,488 shares during the period. Finally, Oak Thistle LLC purchased a new position in Super Micro Computer during the fourth quarter worth about $277,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the business’s 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 of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Trading Down 1.3 %

Shares of SMCI opened at $34.26 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $106.90. The stock has a 50-day moving average price of $39.33 and a 200 day moving average price of $37.77. 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 company has a market capitalization of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent analyst reports. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. 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. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

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.