Level Four Advisory Services LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Level Four Advisory Services LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, HoldingsChannel reports. The firm bought 6,604 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of SMCI. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer during the 4th quarter valued at about $635,000. Nepsis Inc. bought a new position in Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Sanctuary Advisors LLC grew its holdings in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp increased its stake in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after acquiring an additional 11,488 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $277,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction 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 transaction, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SMCI has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Three equities research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $35.05 on Wednesday. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. The firm has a 50-day moving average of $39.45 and a two-hundred day moving average of $37.58. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $105.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.