9,900 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Triumph Capital Management

Triumph Capital Management bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,900 shares of the company’s stock, valued at approximately $302,000.

A number of other large investors also recently made changes to their positions in the business. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont boosted its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was 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 approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

SMCI has been the topic of a number of recent research reports. Mizuho lowered their target price on Super Micro Computer from $50.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Friday, April 25th. They issued a “neutral” rating and a $39.00 target price for the company. Finally, Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.73.

Super Micro Computer Stock Down 11.5 %

Shares of NASDAQ SMCI opened at $31.86 on Thursday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a fifty day moving average of $36.96 and a two-hundred day moving average of $35.96. The stock has a market cap of $19.01 billion, a PE ratio of 15.99 and a beta of 1.22.

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.