Integrated Wealth Concepts LLC Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Integrated Wealth Concepts LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,185.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,820 shares of the company's stock after purchasing an additional 14,589 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Super Micro Computer were worth $482,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Shelton Capital Management raised its stake in Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after buying an additional 480 shares in the last quarter. AlphaQuest LLC raised its position in shares of Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares in the last quarter. Blue Trust Inc. lifted its stake in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after purchasing an additional 825 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in Super Micro Computer by 103.6% in the fourth quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 865 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Super Micro Computer by 902.0% in the fourth 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 last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred 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 sold 137,473 shares of company stock valued at $6,771,552 in the last three months. 17.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SMCI shares. 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 report on Tuesday, February 11th. Mizuho dropped their price objective on Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $48.73.

Super Micro Computer Stock Performance

NASDAQ:SMCI traded down $0.84 during mid-day trading on Monday, reaching $32.88. The stock had a trading volume of 23,230,246 shares, compared to its average volume of 71,673,424. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40. The business has a 50 day simple moving average of $36.34 and a 200 day simple moving average of $35.59. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 16.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.