EverSource Wealth Advisors LLC Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

EverSource Wealth Advisors LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 330.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,431 shares of the company’s stock after purchasing an additional 1,866 shares during the period. EverSource Wealth Advisors LLC’s holdings in Super Micro Computer were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC bought a new stake in Super Micro Computer during the fourth quarter valued at approximately $635,000. Nepsis Inc. bought a new stake in Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Sanctuary Advisors LLC grew its position in Super Micro Computer by 254.7% during the third 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 during the period. Fifth Third Bancorp grew its position in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after buying an additional 11,488 shares during the period. Finally, Bridgewater Associates LP grew its position in Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated 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 sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over 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 company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMCI. JPMorgan Chase & Co. boosted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Cfra upgraded shares of 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. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.57.

Super Micro Computer Trading Down 9.6 %

Shares of SMCI opened at $37.90 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $110.61. The company has a market cap of $22.49 billion, a P/E ratio of 19.03 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $37.91.

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.