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

Petra Financial Advisors Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 147.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,703 shares of the company’s stock after buying an additional 5,193 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Super Micro Computer were worth $265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after purchasing an additional 2,616,757 shares during the period. Swiss National Bank boosted its stake in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares in the last quarter. Amundi bought a new stake in Super Micro Computer in the 4th quarter valued at $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after buying an additional 1,192,366 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Price Performance

SMCI opened at $41.94 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $24.89 billion, a P/E ratio of 21.05 and a beta of 1.21. The company’s 50 day simple moving average is $38.12 and its 200-day simple moving average is $37.96. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $114.78.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated 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 directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction 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 trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Rosenblatt Securities initiated coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.57.

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.