Wedbush Securities Inc. Purchases 6,999 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Wedbush Securities Inc. lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 538.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,300 shares of the company's stock after acquiring an additional 6,999 shares during the period. Wedbush Securities Inc.'s holdings in Super Micro Computer were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Perennial Investment Advisors LLC boosted its holdings in Super Micro Computer by 376.5% during the fourth quarter. Perennial Investment Advisors LLC now owns 6,967 shares of the company's stock valued at $212,000 after acquiring an additional 5,505 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $4,756,000. Prudential PLC boosted its stake in Super Micro Computer by 3,255.9% during the 4th quarter. Prudential PLC now owns 24,968 shares of the company's stock valued at $761,000 after purchasing an additional 24,224 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at approximately $656,000. Finally, ExodusPoint Capital Management LP bought a new position in Super Micro Computer in the 4th quarter worth approximately $7,069,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $1.23 during trading on Monday, reaching $34.38. The stock had a trading volume of 14,458,403 shares, compared to its average volume of 69,905,781. The stock has a market capitalization of $20.40 billion, a PE ratio of 17.26 and a beta of 1.22. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03. The business's 50-day moving average price is $40.16 and its 200 day moving average price is $36.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on SMCI. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Cfra upgraded shares of 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. Finally, JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.00.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.

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.