Petra Financial Advisors Inc. Has $265,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Petra Financial Advisors Inc. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 147.9% in the fourth quarter, Holdings Channel reports. The firm owned 8,703 shares of the company’s stock after purchasing an additional 5,193 shares during the period. Petra Financial Advisors Inc.’s holdings in Super Micro Computer were worth $265,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer during the 4th quarter valued at about $31,000. Institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Trading Down 0.5 %

NASDAQ SMCI opened at $41.94 on Tuesday. The company has a market cap of $24.89 billion, a PE ratio of 21.05 and a beta of 1.21. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $114.78. The stock has a 50 day moving average of $38.12 and a 200-day moving average of $37.96. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

A number of analysts recently issued reports on SMCI shares. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective on the stock. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $52.57.

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.