Proficio Capital Partners LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Proficio Capital Partners LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,588 shares of the company's stock, valued at approximately $1,176,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SMCI. Clear Creek Financial Management LLC bought a new position in Super Micro Computer in the 4th quarter valued at $635,000. Nepsis Inc. purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $13,625,000. Sanctuary Advisors LLC grew its position in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after buying an additional 21,997 shares during the period. Fifth Third Bancorp increased its holdings in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after buying an additional 11,488 shares during the last quarter. Finally, Bridgewater Associates LP raised its position in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

NASDAQ:SMCI traded down $0.43 during trading hours on Monday, hitting $41.72. The stock had a trading volume of 84,855,164 shares, compared to its average volume of 73,254,645. The company has a 50 day simple moving average of $38.66 and a two-hundred day simple moving average of $37.84. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $110.61.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on SMCI shares. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $35.00 to $45.00 in a research report on Friday. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $53.00.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction dated 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 $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. 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. 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.