Simmons Bank Invests $567,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Simmons Bank purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,993 shares of the company’s stock, valued at approximately $567,000.

Several other institutional investors have also recently bought and sold shares of SMCI. Fielder Capital Group LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $340,000. Private Advisor Group LLC increased its position in Super Micro Computer by 142.1% in the 4th quarter. Private Advisor Group LLC now owns 2,619 shares of the company’s stock valued at $744,000 after acquiring an additional 1,537 shares in the last quarter. Spire Wealth Management raised its stake in shares of Super Micro Computer by 415.6% in the fourth quarter. Spire Wealth Management now owns 1,057 shares of the company’s stock worth $300,000 after acquiring an additional 852 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Super Micro Computer by 319.3% during the fourth quarter. National Bank of Canada FI now owns 239 shares of the company’s stock worth $68,000 after purchasing an additional 182 shares in the last quarter. Finally, Connecticut Wealth Management LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $569,000. Institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value 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 approximately $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders sold 34,252 shares of company stock valued at $29,950,223 over the last three months. Company insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SMCI shares. KeyCorp assumed coverage on Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Wedbush raised their price target on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Argus assumed coverage on 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. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, Barclays lifted their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

Super Micro Computer Stock Up 0.5 %

SMCI stock traded up $3.71 during mid-day trading on Wednesday, hitting $823.00. 3,466,175 shares of the company were exchanged, compared to its average volume of 9,463,047. The firm’s 50 day simple moving average is $944.79 and its 200 day simple moving average is $594.69. The firm has a market cap of $46.03 billion, a P/E ratio of 46.17, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. Super Micro Computer, Inc. has a 1-year low of $131.06 and a 1-year high of $1,229.00.

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.