Mindset Wealth Management LLC Boosts Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mindset Wealth Management LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 973.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,546 shares of the company’s stock after buying an additional 15,004 shares during the quarter. Mindset Wealth Management LLC’s holdings in Super Micro Computer were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMCI. Charles Schwab Investment Management Inc. grew its position in Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after buying an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after purchasing an additional 2,616,757 shares during the last quarter. Swiss National Bank lifted its stake in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Amundi bought a new stake in Super Micro Computer during the fourth quarter worth about $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after purchasing an additional 1,192,366 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SMCI. The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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 note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $52.57.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $39.10 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $23.21 billion, a P/E ratio of 19.63 and a beta of 1.21. The stock’s 50 day moving average is $38.47 and its 200 day moving average is $37.89. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $110.61.

Insider Activity at Super Micro Computer

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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 19,449 shares in the company, 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. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.

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.