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

Independent Solutions Wealth Management LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,437 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors have also modified their holdings of the business. Meridian Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at approximately $270,000. Benjamin Edwards Inc. acquired a new stake in Super Micro Computer in the third quarter valued at $383,000. Parkside Financial Bank & Trust raised its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on 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 approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SMCI shares. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $52.57.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $39.10 on Friday. 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 firm’s 50 day moving average is $38.47 and its two-hundred day moving average is $37.89. The firm has a market capitalization of $23.21 billion, a P/E ratio of 19.63 and a beta of 1.21. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61.

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.