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

Sequoia Financial Advisors LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 991.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,439 shares of the company’s stock after purchasing an additional 12,208 shares during the period. Sequoia Financial Advisors LLC’s holdings in Super Micro Computer were worth $410,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC purchased a new position in shares of Super Micro Computer during the third quarter worth about $270,000. Benjamin Edwards Inc. purchased a new position in shares of Super Micro Computer in the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust raised its stake in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the 4th quarter valued at $30,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Down 9.6 %

Shares of NASDAQ SMCI opened at $37.90 on Wednesday. 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 firm’s 50-day moving average is $38.19 and its two-hundred day moving average is $37.91. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $110.61. The company has a market capitalization of $22.49 billion, a PE ratio of 19.03 and a beta of 1.21.

Analysts Set New Price Targets

SMCI has been the subject of several recent analyst reports. Barclays assumed 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 for the company. JPMorgan Chase & Co. lifted their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated 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 in the company, 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. In the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate 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.