Alliancebernstein L.P. Purchases 445,893 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Alliancebernstein L.P. lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 916.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 494,545 shares of the company’s stock after purchasing an additional 445,893 shares during the quarter. Alliancebernstein L.P.’s holdings in Super Micro Computer were worth $15,074,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SMCI. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth approximately $30,000. Trust Co. of Vermont lifted its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake 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 valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% during 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, Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the 4th quarter worth $31,000. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SMCI shares. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Finally, Rosenblatt Securities assumed 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $31.71 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. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The company’s 50-day moving average is $39.62 and its 200 day moving average is $37.06. The stock has a market capitalization of $18.82 billion, a P/E ratio of 15.92 and a beta of 1.22.

Insiders Place Their Bets

In related news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on 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. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

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.