Avantax Advisory Services Inc. Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Avantax Advisory Services Inc. lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 717.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,493 shares of the company’s stock after purchasing an additional 46,949 shares during the period. Avantax Advisory Services Inc.’s holdings in Super Micro Computer were worth $1,630,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SMCI. Charles Schwab Investment Management Inc. lifted its holdings in Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after buying an additional 3,309,398 shares during the period. Bank of New York Mellon Corp lifted its holdings in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after buying an additional 2,616,757 shares during the period. Amundi purchased a new stake in Super Micro Computer during the fourth quarter worth $41,563,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after buying an additional 1,192,366 shares during the period. Finally, National Pension Service purchased a new stake in Super Micro Computer during the fourth quarter worth $28,932,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $37.90 on Wednesday. The business’s 50-day moving average is $38.19 and its two-hundred day moving average is $37.91. The company has a market capitalization of $22.49 billion, a P/E ratio of 19.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $110.61.

Insiders Place Their Bets

In other Super Micro Computer news, 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 transaction of $2,322,519.81. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In 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

A number of analysts have weighed in on SMCI shares. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Rosenblatt Securities began coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Cfra upgraded 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.57.

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.