Connecticut Wealth Management LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Connecticut Wealth Management LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the company's stock, valued at approximately $569,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock valued at $375,818,000 after acquiring an additional 1,319,768 shares in the last quarter. Northern Trust Corp lifted its position in Super Micro Computer by 7.4% in the third quarter. Northern Trust Corp now owns 651,010 shares of the company's stock valued at $178,520,000 after buying an additional 44,678 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $140,751,000. Bank of New York Mellon Corp grew its holdings in shares of Super Micro Computer by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company's stock valued at $133,557,000 after purchasing an additional 20,296 shares in the last quarter. Finally, FMR LLC lifted its stake in Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company's stock worth $131,444,000 after acquiring an additional 295,835 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company's stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock worth $29,950,223 in the last ninety days. Company insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research reports. Northland Securities upped their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a report on Monday, March 25th. Rosenblatt Securities reaffirmed a "buy" rating and set a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 1st. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company lowered their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating for the company in a report on Wednesday, May 1st. Finally, Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $954.38.

Super Micro Computer Trading Up 6.1 %

Shares of NASDAQ:SMCI traded up $47.65 during mid-day trading on Monday, reaching $830.35. The stock had a trading volume of 5,320,594 shares, compared to its average volume of 9,594,272. The firm has a market cap of $46.44 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The firm has a 50 day simple moving average of $946.34 and a two-hundred day simple moving average of $586.69. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a twelve month low of $131.06 and a twelve month high of $1,229.00.

Super Micro Computer 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.