Kovack Advisors Inc. Acquires 12,200 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Kovack Advisors Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 671.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,017 shares of the company’s stock after acquiring an additional 12,200 shares during the period. Kovack Advisors Inc.’s holdings in Super Micro Computer were worth $427,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SMCI. Bank of New York Mellon Corp grew its holdings in shares of Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares in the last quarter. National Pension Service bought a new position in Super Micro Computer during the fourth quarter valued at $28,932,000. Rhumbline Advisers grew its holdings in Super Micro Computer by 897.0% during the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after purchasing an additional 885,582 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Super Micro Computer by 887.7% during the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock valued at $19,060,000 after purchasing an additional 562,029 shares during the period. 84.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $41.09 on Friday. 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 one year low of $17.25 and a one year high of $122.90. The firm has a market capitalization of $24.06 billion, a P/E ratio of 20.63 and a beta of 1.30. The business has a fifty day moving average price of $36.63 and a 200-day moving average price of $39.68.

Analyst Ratings Changes

SMCI has been the subject of several research reports. The Goldman Sachs Group increased their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. increased their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $61.87.

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.