Grand Alliance Asset Management Ltd Purchases Shares of 10,000 Super Micro Computer, Inc. (NASDAQ:SMCI)

Grand Alliance Asset Management Ltd acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $2,843,000. Super Micro Computer comprises about 1.5% of Grand Alliance Asset Management Ltd's portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $405,000. Principal Securities Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at about $447,000. Montag A & Associates Inc. increased its stake in shares of Super Micro Computer by 1,350.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,247 shares of the company's stock valued at $354,000 after purchasing an additional 1,161 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Super Micro Computer in the 4th quarter worth about $431,000. Finally, AI Squared Management Ltd acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $2,547,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Insiders Place Their Bets

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction 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 owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold a total of 34,252 shares of company stock worth $29,950,223 over the last 90 days. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Trading Down 0.2 %

Super Micro Computer stock traded down $1.20 during trading on Friday, hitting $798.50. The company had a trading volume of 3,791,338 shares, compared to its average volume of 6,771,122. The stock has a market cap of $44.66 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The company's 50 day simple moving average is $941.44 and its 200-day simple moving average is $601.47. Super Micro Computer, Inc. has a 1-year low of $132.69 and a 1-year high of $1,229.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SMCI. Northland Securities increased their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Monday, March 25th. Barclays raised their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. Wells Fargo & Company cut their price objective on Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 1st. StockNews.com downgraded Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Bank of America boosted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $954.38.

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.