Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 878.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,467 shares of the company’s stock after purchasing an additional 6,704 shares during the period. Lake Street Advisors Group LLC’s holdings in Super Micro Computer were worth $228,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $87,000. Miller Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $152,000. Archer Investment Corp raised its stake in shares of Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after purchasing an additional 448 shares in the last quarter. TrueWealth Advisors LLC raised its stake in Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after acquiring an additional 295 shares during the period. Finally, Bell Bank acquired a new stake in Super Micro Computer during the third quarter worth about $259,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SMCI. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday. They set an “equal weight” rating and a $59.00 price objective on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Northland Securities reiterated an “outperform” rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.87.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of the 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 in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 4.3 %

Super Micro Computer stock opened at $41.09 on Friday. The firm has a 50 day simple moving average of $36.63 and a 200-day simple moving average of $39.68. 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 stock has a market capitalization of $24.06 billion, a PE ratio of 20.63 and a beta of 1.30. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90.

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.