WMG Financial Advisors LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

WMG Financial Advisors LLC purchased a new position 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 fund purchased 6,606 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont boosted its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the period. Toth Financial Advisory Corp acquired a new position in Super Micro Computer in the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SMCI. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Northland Securities reissued an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Three 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.87.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 13.0 %

Super Micro Computer stock opened at $36.07 on Tuesday. The company has a market capitalization of $21.41 billion, a P/E ratio of 18.11 and a beta of 1.30. The firm’s fifty day simple moving average is $36.70 and its 200-day simple moving average is $39.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90.

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.