Emerald Advisers LLC Grows Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Emerald Advisers LLC boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 892.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,500 shares of the company’s stock after acquiring an additional 13,938 shares during the quarter. Emerald Advisers LLC’s holdings in Super Micro Computer were worth $472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. LPL Financial LLC raised its position in shares of Super Micro Computer by 561.3% in the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company’s stock valued at $20,592,000 after purchasing an additional 573,439 shares in the last quarter. Mizuho Markets Cayman LP boosted its stake in shares of Super Micro Computer by 952.8% during the 4th quarter. Mizuho Markets Cayman LP now owns 7,580 shares of the company’s stock valued at $231,000 after buying an additional 6,860 shares during the last quarter. Optimum Investment Advisors grew its position in shares of Super Micro Computer by 70.5% during the fourth quarter. Optimum Investment Advisors now owns 2,930 shares of the company’s stock worth $89,000 after buying an additional 1,212 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Super Micro Computer in the fourth quarter worth $5,291,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group increased their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $45.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Super Micro Computer Stock Up 7.8 %

SMCI stock opened at $42.15 on Monday. The stock has a market cap of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. The firm’s 50-day simple moving average is $38.66 and its 200 day simple moving average is $37.84. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two 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.

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.