Simmons Bank Invests $567,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Simmons Bank purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,993 shares of the company’s stock, valued at approximately $567,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its position 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 valued at $36,000 after buying an additional 28 shares during the period. Blue Trust Inc. increased its holdings in 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 acquiring an additional 41 shares during the period. Signaturefd LLC lifted its stake in Super Micro Computer by 8.0% in the 3rd quarter. Signaturefd LLC now owns 610 shares of the company’s stock worth $167,000 after purchasing an additional 45 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in Super Micro Computer by 1.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 3,445 shares of the company’s stock valued at $945,000 after purchasing an additional 60 shares during the period. Finally, Ritholtz Wealth Management grew its position 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 valued at $627,000 after purchasing an additional 60 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 0.5 %

Shares of SMCI traded up $3.71 during trading hours on Wednesday, hitting $823.00. The company had a trading volume of 3,466,175 shares, compared to its average volume of 9,463,047. Super Micro Computer, Inc. has a 52-week low of $131.06 and a 52-week high of $1,229.00. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $944.79 and its 200 day moving average price is $594.69. The firm has a market cap of $46.03 billion, a P/E ratio of 46.17, a P/E/G ratio of 0.71 and a beta of 1.34.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 34,252 shares of company stock worth $29,950,223 in the last ninety days. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SMCI. Susquehanna lifted their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Bank of America upped their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wells Fargo & Company dropped their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. StockNews.com raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

About Super Micro Computer

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.