Atria Wealth Solutions Inc. Purchases Shares of 1,170 Super Micro Computer, Inc. (NASDAQ:SMCI)

Atria Wealth Solutions Inc. acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,170 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in 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 purchasing an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Super Micro Computer during the 3rd quarter valued at $140,751,000. FMR LLC boosted its position in Super Micro Computer by 161.2% during the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after buying an additional 295,835 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Super Micro Computer in the third quarter valued at about $55,943,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after acquiring an additional 165,353 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.3 %

NASDAQ:SMCI opened at $819.29 on Wednesday. The stock has a market cap of $45.82 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average price is $945.42 and its 200-day moving average price is $590.67. Super Micro Computer, Inc. has a 52 week low of $131.06 and a 52 week high of $1,229.00.

Insider Buying and Selling at Super Micro Computer

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

Analysts Set New Price Targets

A number of research analysts have commented on SMCI shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. Bank of America raised their target price on shares of 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. Loop Capital raised their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Finally, StockNews.com raised Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

About Super Micro Computer

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.