Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Lifted by Mindset Wealth Management LLC

Mindset Wealth Management LLC grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 973.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,546 shares of the company's stock after buying an additional 15,004 shares during the period. Mindset Wealth Management LLC's holdings in Super Micro Computer were worth $504,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MRP Capital Investments LLC raised its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,500 shares of the company's stock worth $46,000 after acquiring an additional 1,350 shares in the last quarter. Independent Solutions Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $257,000. Blueshift Asset Management LLC grew its position in shares of Super Micro Computer by 283.2% during the 4th quarter. Blueshift Asset Management LLC now owns 8,081 shares of the company's stock worth $246,000 after buying an additional 5,972 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Super Micro Computer by 876.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 107,077 shares of the company's stock valued at $3,264,000 after purchasing an additional 96,114 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Super Micro Computer by 26.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 37,197 shares of the company's stock valued at $1,134,000 after buying an additional 7,714 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

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Super Micro Computer Stock Down 1.0 %

Super Micro Computer stock traded down $0.43 during trading on Monday, reaching $41.72. 84,875,208 shares of the company's stock were exchanged, compared to its average volume of 73,255,305. The company's 50-day moving average is $38.87 and its two-hundred 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. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Monday. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price on the stock. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities initiated coverage on Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $53.00.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company'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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

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.