Avantax Advisory Services Inc. Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Avantax Advisory Services Inc. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 717.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,493 shares of the company’s stock after acquiring an additional 46,949 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Super Micro Computer were worth $1,630,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Super Micro Computer by 968.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after buying an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares in the last quarter. State Street Corp lifted its stake in Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Super Micro Computer by 956.6% in the 4th 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 position in Super Micro Computer in the 4th quarter valued at about $41,563,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 9.6 %

Shares of NASDAQ SMCI opened at $37.90 on Wednesday. The company has a 50 day simple moving average of $38.19 and a 200-day simple moving average of $37.91. The company has a market capitalization of $22.49 billion, a P/E ratio of 19.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SMCI shares. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Barclays initiated coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.57.

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.