Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 763.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,114 shares of the company’s stock after purchasing an additional 985 shares during the period. Lindbrook Capital LLC’s holdings in Super Micro Computer were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SMCI. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the period. Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $31,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $34,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 sale, the chief executive officer now owns 67,403,640 shares in the company, 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. In the last ninety days, 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 Price Performance

Shares of NASDAQ SMCI opened at $38.24 on Friday. The firm has a market capitalization of $22.69 billion, a P/E ratio of 19.20 and a beta of 1.21. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company’s fifty day moving average is $37.08 and its two-hundred day moving average is $38.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SMCI shares. Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.64.

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.