WMG Financial Advisors LLC Acquires Shares of 6,606 Super Micro Computer, Inc. (NASDAQ:SMCI)

WMG Financial Advisors LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,606 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the 3rd quarter valued at about $87,000. Miller Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the third quarter worth about $152,000. Archer Investment Corp lifted its position in shares of Super Micro Computer by 364.2% during the third quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after purchasing an additional 448 shares during the last quarter. TrueWealth Advisors LLC lifted its position in shares of Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Bell Bank bought a new position in shares of Super Micro Computer during the third quarter worth about $259,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, 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. 17.60% of the stock is owned by company insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $36.07 on Tuesday. The firm’s 50 day moving average is $36.70 and its two-hundred day moving average is $39.31. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The firm has a market capitalization of $21.41 billion, a P/E ratio of 18.11 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMCI. JPMorgan Chase & Co. increased their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.87.

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.