Proficio Capital Partners LLC Acquires Shares of 38,588 Super Micro Computer, Inc. (NASDAQ:SMCI)

Proficio Capital Partners LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,588 shares of the company’s stock, valued at approximately $1,176,000.

A number of other institutional investors have also modified their holdings of the stock. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the fourth quarter worth approximately $30,000. Trust Co. of Vermont lifted 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 worth $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust grew its position 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. Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the fourth quarter valued at $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $34,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 2.5 %

Shares of NASDAQ:SMCI opened at $39.10 on Friday. The business’s 50-day moving average is $38.47 and its 200 day moving average is $37.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The firm has a market capitalization of $23.21 billion, a P/E ratio of 19.63 and a beta of 1.21.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average price target of $52.57.

Insider Activity

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

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.