Harvest Fund Management Co. Ltd Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Harvest Fund Management Co. Ltd boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,486 shares of the company’s stock after acquiring an additional 1,040 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Super Micro Computer were worth $136,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SMCI shares. The Goldman Sachs Group boosted their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $45.00 in a report on Friday. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.29.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $42.15 on Friday. The firm has a market cap of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $38.66 and its two-hundred day moving average is $37.88.

Insiders Place Their Bets

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of the 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 completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents 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 worth $6,771,552 in the last ninety days. 17.60% of the stock is owned by corporate insiders.

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.