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

Portolan Capital Management LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 446.8% during the fourth quarter, HoldingsChannel reports. The firm owned 93,684 shares of the company’s stock after purchasing an additional 76,551 shares during the period. Portolan Capital Management LLC’s holdings in Super Micro Computer were worth $2,855,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC grew its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer in the 4th quarter valued at about $31,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Super Micro Computer Trading Down 0.1 %

Shares of SMCI stock opened at $33.12 on Tuesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 16.63 and a beta of 1.22. The firm has a 50-day moving average price of $40.19 and a 200 day moving average price of $36.76. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SMCI shares. Rosenblatt Securities initiated 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. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. 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 presently has a consensus rating of “Hold” and an average target price 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.