Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 97.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,123 shares of the company’s stock after selling 147,210 shares during the quarter. Assetmark Inc.’s holdings in Super Micro Computer were worth $95,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in Super Micro Computer by 12.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 124,652 shares of the company’s stock valued at $51,905,000 after acquiring an additional 13,936 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Super Micro Computer by 128.2% during the 3rd quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after acquiring an additional 23,959 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Super Micro Computer by 108.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,132 shares of the company’s stock valued at $471,000 after acquiring an additional 589 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Super Micro Computer by 147.3% during the 3rd quarter. CIBC Asset Management Inc now owns 17,132 shares of the company’s stock valued at $7,134,000 after acquiring an additional 10,203 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Super Micro Computer by 435.0% during the 3rd quarter. Empowered Funds LLC now owns 8,870 shares of the company’s stock valued at $3,693,000 after acquiring an additional 7,212 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the topic of several analyst reports. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group raised their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Trading Up 7.9 %

Shares of SMCI stock opened at $42.17 on Friday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $114.78. The company has a market capitalization of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21. The firm has a 50-day moving average price of $38.01 and a 200 day moving average price of $38.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

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.