HighPoint Advisor Group LLC Sells 17,527 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

HighPoint Advisor Group LLC decreased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,458 shares of the company’s stock after selling 17,527 shares during the period. HighPoint Advisor Group LLC’s holdings in Super Micro Computer were worth $2,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in 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 buying an additional 954 shares during the last quarter. Larson Financial Group LLC increased its stake 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 valued at $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of the business’s 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 can be accessed through this link. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Price Performance

Shares of SMCI opened at $34.24 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $20.32 billion, a PE ratio of 17.19 and a beta of 1.21. The stock has a 50 day simple moving average of $39.40 and a 200 day simple moving average of $37.65. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SMCI. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. 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 company’s stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Company 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.