Centric Wealth Management Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Centric Wealth Management acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,005 shares of the company’s stock, valued at approximately $2,225,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth $637,000. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. Franklin Resources Inc. acquired a new position in Super Micro Computer during the fourth quarter worth $1,031,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Super Micro Computer by 900.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 13,170 shares of the company’s stock valued at $401,000 after buying an additional 11,853 shares in the last quarter. Finally, Cannell & Spears LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth about $8,879,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last three months, 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 Stock Down 0.1 %

SMCI opened at $34.24 on Tuesday. The company has a market capitalization of $20.32 billion, a P/E ratio of 17.19 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. The firm’s fifty day moving average price is $39.40 and its two-hundred day moving average price is $37.65. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $106.90.

Analysts Set New Price Targets

A number of research analysts have recently commented on SMCI shares. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price target for the company from $35.00 to $45.00 in a report on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus price target of $53.00.

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.