United Capital Financial Advisors LLC Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

United Capital Financial Advisors LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 945.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,225 shares of the company’s stock after acquiring an additional 9,247 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Super Micro Computer were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jump Financial LLC grew its holdings in Super Micro Computer by 210.3% during the 4th quarter. Jump Financial LLC now owns 71,338 shares of the company’s stock worth $2,174,000 after acquiring an additional 48,348 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Super Micro Computer by 817.2% during the 4th quarter. Anchor Investment Management LLC now owns 2,880 shares of the company’s stock worth $88,000 after purchasing an additional 2,566 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Super Micro Computer by 74.3% during the fourth quarter. Guggenheim Capital LLC now owns 33,348 shares of the company’s stock worth $1,016,000 after purchasing an additional 14,212 shares in the last quarter. Portolan Capital Management LLC increased its holdings in Super Micro Computer by 446.8% in the fourth quarter. Portolan Capital Management LLC now owns 93,684 shares of the company’s stock valued at $2,855,000 after buying an additional 76,551 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Super Micro Computer in the fourth quarter valued at $244,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Trading Down 6.3 %

Shares of SMCI stock opened at $29.51 on Tuesday. The company has a market capitalization of $17.51 billion, a P/E ratio of 14.81 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $39.53 and its two-hundred day moving average is $36.42. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

Insider Buying and Selling

In other news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the 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 directly owns 67,403,640 shares of the company’s stock, valued at $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. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of several analyst reports. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.57.

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.