73,005 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Centric Wealth Management

Centric Wealth Management acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,005 shares of the company's stock, valued at approximately $2,225,000.

A number of other hedge funds have also bought and sold shares of SMCI. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer during the 4th quarter worth approximately $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter valued at $13,625,000. Sanctuary Advisors LLC boosted its stake in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after acquiring an additional 21,997 shares in the last quarter. Fifth Third Bancorp grew its holdings in Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after purchasing an additional 11,488 shares during the period. Finally, Oak Thistle LLC bought a new stake in Super Micro Computer in the fourth quarter valued at $277,000. Institutional investors own 84.06% of the company's stock.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the company'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 completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Remove Ads

Analyst Ratings Changes

SMCI has been the topic of a number of research analyst reports. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Finally, Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $53.00.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded up $0.81 during mid-day trading on Tuesday, hitting $35.05. 41,604,802 shares of the stock were exchanged, compared to its average volume of 73,394,634. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $105.72. The company has a 50-day simple moving average of $39.45 and a 200 day simple moving average of $37.58. The company has a market capitalization of $20.80 billion, a P/E ratio of 17.60 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 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.