Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. reduced its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 90.8% in the 4th quarter, Holdings Channel reports. The firm owned 7,015 shares of the company’s stock after selling 69,645 shares during the quarter. Rakuten Securities Inc.’s holdings in Super Micro Computer were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its holdings in Super Micro Computer by 717.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 53,493 shares of the company’s stock worth $1,630,000 after acquiring an additional 46,949 shares during the period. Great Lakes Advisors LLC boosted its stake in shares of Super Micro Computer by 884.0% in the fourth quarter. Great Lakes Advisors LLC now owns 25,220 shares of the company’s stock valued at $769,000 after purchasing an additional 22,657 shares during the period. Truvestments Capital LLC grew its holdings in Super Micro Computer by 1,140.2% during the 4th quarter. Truvestments Capital LLC now owns 31,451 shares of the company’s stock valued at $959,000 after purchasing an additional 28,915 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Super Micro Computer during the 4th quarter worth $151,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Super Micro Computer by 330.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,431 shares of the company’s stock worth $74,000 after buying an additional 1,866 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their price objective on 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 set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average price target of $52.57.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $40.84 on Wednesday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $119.80. The firm has a market capitalization of $24.24 billion, a P/E ratio of 20.50 and a beta of 1.21. The firm’s 50-day moving average price is $37.41 and its 200-day moving average price is $38.32. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated 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 transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. 17.60% of the stock is currently owned by company insiders.

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.