IFP Advisors Inc Grows Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

IFP Advisors Inc grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 536.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,400 shares of the company’s stock after buying an additional 1,180 shares during the period. IFP Advisors Inc’s holdings in Super Micro Computer were worth $34,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Mexico Educational Retirement Board purchased a new stake in Super Micro Computer during the first quarter valued at about $884,000. Portside Wealth Group LLC bought a new position in Super Micro Computer in the 2nd quarter worth approximately $1,371,000. Seaport Global Advisors LLC purchased a new position in Super Micro Computer in the 1st quarter valued at approximately $186,000. PFG Advisors purchased a new position in Super Micro Computer in the 2nd quarter valued at approximately $569,000. Finally, Citigroup Inc. raised its holdings in Super Micro Computer by 255.0% during the 1st quarter. Citigroup Inc. now owns 23,921 shares of the company’s stock valued at $2,549,000 after acquiring an additional 17,182 shares during the period. Institutional investors own 72.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on Super Micro Computer in a report on Thursday, October 5th. They issued a “hold” rating for the company. Northland Securities upped their price target on Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Nomura Instinet began coverage on shares of Super Micro Computer in a research report on Friday, October 20th. They issued a “buy” rating and a $413.00 price objective for the company. Loop Capital upped their target price on shares of Super Micro Computer from $325.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Super Micro Computer in a research note on Monday, October 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $353.88.

Insider Buying and Selling at Super Micro Computer

In other news, Director Sherman Tuan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $272.00, for a total value of $272,000.00. Following the completion of the transaction, the director now directly owns 27,613 shares in the company, valued at approximately $7,510,736. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP George Kao sold 2,968 shares of Super Micro Computer stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $280.79, for a total value of $833,384.72. Following the transaction, the senior vice president now owns 7,590 shares in the company, valued at approximately $2,131,196.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherman Tuan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $272.00, for a total transaction of $272,000.00. Following the sale, the director now owns 27,613 shares of the company’s stock, valued at $7,510,736. The disclosure for this sale can be found here. Insiders have sold 21,001 shares of company stock worth $5,351,075 over the last 90 days. Corporate insiders own 14.50% of the company’s stock.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $266.03 on Monday. Super Micro Computer, Inc. has a fifty-two week low of $69.02 and a fifty-two week high of $357.00. The firm’s fifty day moving average price is $265.90 and its 200-day moving average price is $247.91. The stock has a market cap of $14.18 billion, a P/E ratio of 24.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.95 and a current ratio of 2.23.

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.