Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Optimum Investment Advisors

Optimum Investment Advisors raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 70.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,930 shares of the company’s stock after purchasing an additional 1,212 shares during the period. Optimum Investment Advisors’ holdings in Super Micro Computer were worth $89,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SMCI. Meridian Wealth Management LLC acquired a new stake in shares of Super Micro Computer in the third quarter worth approximately $270,000. Benjamin Edwards Inc. purchased a new position in Super Micro Computer during the third quarter worth approximately $383,000. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in Super Micro Computer during the fourth quarter worth approximately $30,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 7.8 %

NASDAQ:SMCI opened at $42.15 on Monday. The stock has a 50-day simple moving average of $38.66 and a 200-day simple moving average of $37.84. The stock has a market cap of $25.02 billion, a P/E ratio of 21.16 and a beta of 1.21. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Analysts Set New Price Targets

A number of equities analysts recently commented on SMCI shares. Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective on the stock. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.29.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated 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 directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer 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.