Tucker Asset Management LLC Purchases 2,439 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Tucker Asset Management LLC grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,103.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,660 shares of the company’s stock after purchasing an additional 2,439 shares during the quarter. Tucker Asset Management LLC’s holdings in Super Micro Computer were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont raised 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 valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings 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 lifted its position in shares of Super Micro Computer by 902.0% in the 4th 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 bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $31,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.3 %

SMCI stock opened at $34.26 on Friday. The firm has a market cap of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90. 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 simple moving average is $39.33 and its 200-day simple moving average is $37.75.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction 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 legal filing with the SEC, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the company’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 transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. 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. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of analyst reports. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. Three 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.00.

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.