Corient Private Wealth LLC Grows Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Corient Private Wealth LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 597.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,317 shares of the company’s stock after purchasing an additional 21,687 shares during the quarter. Corient Private Wealth LLC’s holdings in Super Micro Computer were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. Benjamin Edwards Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at $383,000. Parkside Financial Bank & Trust increased its holdings in shares of 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 purchasing an additional 954 shares during the period. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer during the fourth quarter worth about $30,000. Finally, Trust Co. of Vermont boosted its position in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction 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 $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The shares were 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 sold 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on SMCI shares. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $40.00 to $32.00 in a research note on Monday. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Down 6.3 %

SMCI opened at $34.72 on Friday. The company has a market cap of $20.61 billion, a PE ratio of 17.43 and a beta of 1.21. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $106.90. The company has a 50-day moving average price of $39.27 and a 200 day moving average price of $37.79. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.