Proficio Capital Partners LLC Buys New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its position in shares of Super Micro Computer by 703.3% during the fourth quarter. M&T Bank Corp now owns 21,536 shares of the company’s stock worth $656,000 after purchasing an additional 18,855 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Super Micro Computer by 280.2% in the 4th quarter. Victory Capital Management Inc. now owns 162,132 shares of the company’s stock worth $4,942,000 after purchasing an additional 119,490 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after buying an additional 3,309,398 shares in the last quarter. State of Michigan Retirement System grew its holdings in Super Micro Computer by 65.1% during the 4th quarter. State of Michigan Retirement System now owns 136,700 shares of the company’s stock valued at $4,167,000 after buying an additional 53,900 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Super Micro Computer by 1,175.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,266 shares of the company’s stock valued at $313,000 after buying an additional 9,461 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Down 2.5 %

NASDAQ SMCI opened at $39.10 on Friday. 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, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 19.63 and a beta of 1.21. The company has a fifty day moving average of $38.47 and a two-hundred day moving average of $37.89.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Finally, Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.57.

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.