Optimum Investment Advisors Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Optimum Investment Advisors raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 70.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,930 shares of the company’s stock after acquiring an additional 1,212 shares during the period. Optimum Investment Advisors’ holdings in Super Micro Computer were worth $89,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SMCI. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont raised its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $42.15 on Monday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $110.61. The business’s fifty day moving average price is $38.66 and its two-hundred day moving average price is $37.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market cap of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMCI shares. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $45.00 in a report on Friday. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Finally, Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.29.

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.