Grand Alliance Asset Management Ltd Acquires Shares of 10,000 Super Micro Computer, Inc. (NASDAQ:SMCI)

Grand Alliance Asset Management Ltd bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $2,843,000. Super Micro Computer accounts for about 1.5% of Grand Alliance Asset Management Ltd’s holdings, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Super Micro Computer by 28.6% during the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the period. Blue Trust Inc. raised its position in shares of Super Micro Computer by 29.5% during the 4th quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after purchasing an additional 41 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Super Micro Computer by 8.0% during the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock valued at $167,000 after acquiring an additional 45 shares during the last quarter. Quintet Private Bank Europe S.A. raised its position in shares of Super Micro Computer by 1.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock valued at $945,000 after buying an additional 60 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Super Micro Computer by 2.8% during the 4th quarter. Ritholtz Wealth Management now owns 2,205 shares of the company’s stock worth $627,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SMCI. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Wedbush lifted their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Wells Fargo & Company cut their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $954.38.

Check Out Our Latest Research Report on Super Micro Computer

Insider Activity at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,252 shares of company stock worth $29,950,223. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 0.2 %

SMCI stock traded down $1.20 during midday trading on Friday, hitting $798.50. The company’s stock had a trading volume of 3,791,338 shares, compared to its average volume of 6,771,122. Super Micro Computer, Inc. has a 12 month low of $132.69 and a 12 month high of $1,229.00. The company has a market cap of $44.66 billion, a PE ratio of 44.76, a P/E/G ratio of 0.72 and a beta of 1.34. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average is $941.44 and its 200-day moving average is $601.47.

Super Micro Computer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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