World Investment Advisors Lowers Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

World Investment Advisors reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 88.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,655 shares of the company’s stock after selling 50,314 shares during the period. World Investment Advisors’ holdings in Super Micro Computer were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its holdings in 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 buying an additional 954 shares in the last quarter. Larson Financial Group LLC grew its position in 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 buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the fourth quarter valued at about $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

SMCI opened at $36.71 on Thursday. The company’s 50 day simple moving average is $39.94 and its 200 day simple moving average is $37.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The stock has a market capitalization of $21.79 billion, a PE ratio of 18.43 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of research firms have commented on SMCI. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 at this hyperlink. Also, 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 transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

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.