Corient Private Wealth LLC Acquires 21,687 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Corient Private Wealth LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 597.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,317 shares of the company's stock after acquiring an additional 21,687 shares during the quarter. Corient Private Wealth LLC's holdings in Super Micro Computer were worth $772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp lifted its position in Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock worth $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Swiss National Bank boosted its stake in shares of Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after buying an additional 1,332,400 shares during the period. Amundi purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

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Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $0.02 during trading on Monday, reaching $34.24. The company's stock had a trading volume of 43,729,458 shares, compared to its average volume of 73,434,821. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $106.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21. The business's fifty day moving average price is $39.40 and its 200-day moving average price is $37.65.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following 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. Over the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SMCI shares. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $35.00 to $45.00 in a report on Friday, March 21st. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.00.

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.