Prestige Wealth Management Group LLC Has $83,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Prestige Wealth Management Group LLC grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,189.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,721 shares of the company’s stock after buying an additional 2,510 shares during the period. Prestige Wealth Management Group LLC’s holdings in Super Micro Computer were worth $83,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the period. Swiss National Bank lifted its stake in Super Micro Computer by 851.9% in the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Finally, Amundi bought a new position in Super Micro Computer during the fourth quarter worth about $41,563,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $40.64 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21. 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 company’s 50 day simple moving average is $39.07 and its 200 day simple moving average is $37.83.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade 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 company’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 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 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 worth $6,771,552. Insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the subject of several research analyst reports. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $40.00 to $32.00 in a research note on Monday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.00.

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.