Cetera Investment Advisers Has $2.58 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Cetera Investment Advisers grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 436.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,344 shares of the company’s stock after buying an additional 8,417 shares during the period. Cetera Investment Advisers’ holdings in Super Micro Computer were worth $2,578,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of Super Micro Computer by 3,333.3% in the second quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Super Micro Computer in the second quarter valued at approximately $38,000. Exchange Traded Concepts LLC acquired a new stake in shares of Super Micro Computer in the second quarter valued at approximately $46,000. Fifth Third Bancorp lifted its position in shares of Super Micro Computer by 114.4% in the second quarter. Fifth Third Bancorp now owns 223 shares of the company’s stock valued at $56,000 after buying an additional 119 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Super Micro Computer in the second quarter valued at approximately $6,271,000. 72.75% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $304.60 on Tuesday. The stock’s fifty day moving average price is $266.95 and its two-hundred day moving average price is $255.16. Super Micro Computer, Inc. has a one year low of $69.02 and a one year high of $357.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.23 and a quick ratio of 0.95. The firm has a market cap of $16.24 billion, a PE ratio of 28.07 and a beta of 1.16.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 2,968 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $280.79, for a total value of $833,384.72. Following the sale, the senior vice president now owns 7,590 shares of the company’s stock, valued at approximately $2,131,196.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $272.00, for a total value of $272,000.00. Following the sale, the director now owns 27,613 shares of the company’s stock, valued at approximately $7,510,736. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP George Kao sold 2,968 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $280.79, for a total value of $833,384.72. Following the completion of the sale, the senior vice president now directly owns 7,590 shares in the company, valued at approximately $2,131,196.10. The disclosure for this sale can be found here. Insiders have sold a total of 24,748 shares of company stock worth $6,384,347 in the last 90 days. Company insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com assumed coverage on Super Micro Computer in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Super Micro Computer in a research note on Monday, October 30th. Loop Capital increased their target price on Super Micro Computer from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Susquehanna increased their target price on Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $375.00 target price on shares of Super Micro Computer in a research note on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.88.

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.