Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 763.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,114 shares of the company’s stock after purchasing an additional 985 shares during the period. Lindbrook Capital LLC’s holdings in Super Micro Computer were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the period. Archer Investment Corp boosted its stake in Super Micro Computer by 364.2% during the third quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after buying an additional 448 shares during the period. Advisors Asset Management Inc. boosted its stake in Super Micro Computer by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after buying an additional 478 shares during the period. Cerity Partners LLC boosted its stake in Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after buying an additional 497 shares during the period. Finally, Townsquare Capital LLC boosted its stake in Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after buying an additional 522 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 3.2 %

Shares of NASDAQ:SMCI opened at $38.24 on Friday. The firm’s 50 day moving average price is $37.08 and its 200 day moving average price is $38.79. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SMCI shares. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.64.

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.