Independent Solutions Wealth Management LLC Acquires Shares of 8,437 Super Micro Computer, Inc. (NASDAQ:SMCI)

Independent Solutions Wealth Management LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 8,437 shares of the company's stock, valued at approximately $257,000.

A number of other large investors also recently made changes to their positions in SMCI. Meridian Wealth Management LLC bought a new position in Super Micro Computer during the 3rd quarter worth approximately $270,000. Benjamin Edwards Inc. acquired a new stake in Super Micro Computer in the third quarter worth $383,000. Parkside Financial Bank & Trust boosted its position in shares of 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 purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares during the period. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Down 1.0 %

NASDAQ SMCI traded down $0.43 during trading hours on Monday, hitting $41.72. 84,875,208 shares of the company traded hands, compared to its average volume of 73,255,305. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $110.61. The business's 50-day moving average is $38.87 and its 200-day moving average is $37.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated 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, SVP George Kao sold 71,720 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on SMCI. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $53.00.

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.