Sequoia Financial Advisors LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sequoia Financial Advisors LLC increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 991.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,439 shares of the company’s stock after buying an additional 12,208 shares during the period. Sequoia Financial Advisors LLC’s holdings in Super Micro Computer were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SMCI. Charles Schwab Investment Management Inc. increased its stake in Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after acquiring an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp increased its position in 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 purchasing an additional 2,616,757 shares in the last quarter. State Street Corp increased its position in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after buying an additional 1,192,366 shares in the last quarter. Finally, Amundi purchased a new stake in Super Micro Computer during the fourth quarter worth approximately $41,563,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer 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 owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. 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 quarter. Insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SMCI shares. The Goldman Sachs Group raised their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Cfra upgraded 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. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Three 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.57.

Super Micro Computer Stock Down 9.6 %

NASDAQ:SMCI opened at $37.90 on Wednesday. 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 $22.49 billion, a price-to-earnings ratio of 19.03 and a beta of 1.21. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $110.61. The stock has a 50-day simple moving average of $38.19 and a 200 day simple moving average of $37.91.

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.