Parkside Financial Bank & Trust Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2,890.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 987 shares of the company’s stock after buying an additional 954 shares during the period. Parkside Financial Bank & Trust’s holdings in Super Micro Computer were worth $30,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust bought a new position in shares of Super Micro Computer during the 3rd quarter valued at approximately $87,000. Retirement Systems of Alabama grew its holdings in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after purchasing an additional 258 shares during the period. TrueWealth Advisors LLC increased its position in Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after buying an additional 295 shares during the last quarter. Miller Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the third quarter valued at $152,000. Finally, Archer Investment Corp lifted its position in shares of Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after buying an additional 448 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $36.07 on Tuesday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $21.41 billion, a PE ratio of 18.11 and a beta of 1.30. The stock has a 50-day moving average price of $36.70 and a 200-day moving average price of $39.31.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SMCI. Northland Securities reissued an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research 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. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $61.87.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by insiders.

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.