Portolan Capital Management LLC Acquires 76,551 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Portolan Capital Management LLC grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 446.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,684 shares of the company’s stock after purchasing an additional 76,551 shares during the period. Portolan Capital Management LLC’s holdings in Super Micro Computer were worth $2,855,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% in the 4th 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 grew its position in shares of Super Micro Computer by 2,890.9% during 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 increased its holdings in shares of Super Micro Computer by 902.0% in 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, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the fourth quarter worth $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction 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. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. 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 research report on Tuesday, February 11th. The Goldman Sachs Group cut 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. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective on the stock. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Trading Down 0.1 %

NASDAQ:SMCI opened at $33.12 on Tuesday. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 16.63 and a beta of 1.22. 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 business has a fifty day moving average price of $40.19 and a 200-day moving average price of $36.76. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $102.03.

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.