Lido Advisors LLC Buys 190,782 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Lido Advisors LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,046.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,010 shares of the company's stock after acquiring an additional 190,782 shares during the quarter. Lido Advisors LLC's holdings in Super Micro Computer were worth $6,371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at about $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth approximately $13,625,000. Fifth Third Bancorp grew its stake in shares of 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 purchasing an additional 11,488 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $277,000. Finally, Diversify Advisory Services LLC bought a new position in Super Micro Computer in the 4th quarter worth approximately $5,113,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

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

Super Micro Computer Price Performance

Shares of SMCI opened at $36.00 on Wednesday. The company has a 50 day moving average of $37.44 and a 200-day moving average of $35.99. 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 stock has a market capitalization of $21.37 billion, a P/E ratio of 18.07 and a beta of 1.22. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $101.40.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target for the company. Barclays initiated coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective on the stock. 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $51.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.