Proficio Capital Partners LLC Makes New $1.18 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Proficio Capital Partners LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 38,588 shares of the company’s stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares in the last quarter. Assetmark Inc. lifted its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $635,000. Nepsis Inc. purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $13,625,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were 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. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Price Performance

SMCI stock opened at $38.24 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $36.95 and a two-hundred day moving average of $38.96. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. The Goldman Sachs Group raised their target price on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $56.64.

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.