Alpha DNA Investment Management LLC Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Alpha DNA Investment Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,023 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC grew its position in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont grew its position in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter worth $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SMCI shares. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. 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 company. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $52.57.

Super Micro Computer Price Performance

SMCI traded up $2.59 during midday trading on Wednesday, hitting $33.17. 38,658,085 shares of the company traded hands, compared to its average volume of 67,277,086. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $101.40. The business has a 50 day simple moving average of $39.29 and a two-hundred day simple moving average of $36.38. 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 has a market capitalization of $19.69 billion, a price-to-earnings ratio of 16.65 and a beta of 1.22.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

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.