Frank Rimerman Advisors LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Frank Rimerman Advisors LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 364.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,302 shares of the company’s stock after purchasing an additional 12,790 shares during the period. Frank Rimerman Advisors LLC’s holdings in Super Micro Computer were worth $497,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $270,000. Accent Capital Management LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $363,000. Benjamin Edwards Inc. purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $383,000. Parkside Financial Bank & Trust raised its holdings 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 worth $30,000 after acquiring an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC raised 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 worth $30,000 after acquiring an additional 893 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company’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 transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $42.17 on Monday. The stock’s fifty day moving average is $38.01 and its two-hundred day moving average is $37.98. The company has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $114.78.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.57.

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.