Atria Wealth Solutions Inc. Invests $333,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Atria Wealth Solutions Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,170 shares of the company’s stock, valued at approximately $333,000.

Other hedge funds also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its holdings in Super Micro Computer by 4.0% in the 4th quarter. Yousif Capital Management LLC now owns 22,035 shares of the company’s stock valued at $6,264,000 after acquiring an additional 842 shares during the last quarter. South Dakota Investment Council boosted its stake in Super Micro Computer by 158.1% during the fourth quarter. South Dakota Investment Council now owns 17,163 shares of the company’s stock worth $4,879,000 after buying an additional 10,512 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter worth $56,000. Monument Capital Management grew its holdings in shares of Super Micro Computer by 2.8% in the fourth quarter. Monument Capital Management now owns 8,299 shares of the company’s stock valued at $2,359,000 after purchasing an additional 229 shares during the period. Finally, Jennison Associates LLC raised its stake in Super Micro Computer by 15.1% during the fourth quarter. Jennison Associates LLC now owns 3,942 shares of the company’s stock worth $1,121,000 after purchasing an additional 517 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Wedbush upped their price target on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Moderate Buy” and an average price target of $954.38.

Insider Buying and Selling

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now 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 Securities & Exchange Commission, which is available through the SEC website. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the 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 of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,252 shares of company stock valued at $29,950,223 in the last three months. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $819.29 on Wednesday. The company has a market cap of $45.82 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. 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 fifty day simple moving average of $945.42 and a two-hundred day simple moving average of $590.67.

Super Micro Computer Company 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.