Bank of Montreal Can Invests $985,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Bank of Montreal Can bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,930 shares of the company’s stock, valued at approximately $985,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Super Micro Computer by 3,333.3% in the 2nd quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Super Micro Computer in the 2nd quarter valued at about $38,000. Exchange Traded Concepts LLC acquired a new position in Super Micro Computer in the 2nd quarter valued at about $46,000. Fifth Third Bancorp raised its stake in Super Micro Computer by 114.4% in the 2nd quarter. Fifth Third Bancorp now owns 223 shares of the company’s stock valued at $56,000 after purchasing an additional 119 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its stake in Super Micro Computer by 400.0% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 250 shares of the company’s stock valued at $62,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Super Micro Computer in a research note on Monday, October 30th. StockNews.com assumed coverage on shares of Super Micro Computer in a research note on Thursday, October 5th. They set a “hold” rating for the company. Nomura assumed coverage on shares of Super Micro Computer in a research note on Friday, October 20th. They set a “buy” rating and a $413.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $375.00 price objective on shares of Super Micro Computer in a research note on Wednesday, September 20th. Finally, Northland Securities upped their price objective on shares of Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.88.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 27,613 shares in the company, valued at approximately $7,510,736. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Super Micro Computer news, Director Sherman Tuan sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 27,613 shares in the company, valued at approximately $7,510,736. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 961 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $243.62, for a total value of $234,118.82. Following the completion of the transaction, the director now owns 2,497 shares of the company’s stock, valued at approximately $608,319.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,001 shares of company stock worth $5,351,075. 14.50% of the stock is currently owned by company insiders.

Super Micro Computer Stock Up 0.4 %

Shares of NASDAQ:SMCI opened at $266.03 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.95 and a current ratio of 2.23. Super Micro Computer, Inc. has a 1 year low of $69.02 and a 1 year high of $357.00. The stock has a market capitalization of $14.18 billion, a P/E ratio of 24.52 and a beta of 1.16. The stock has a 50-day simple moving average of $265.90 and a 200-day simple moving average of $247.91.

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.