Frank Rimerman Advisors LLC Purchases 12,790 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Frank Rimerman Advisors LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 364.2% in the fourth quarter, HoldingsChannel reports. The firm owned 16,302 shares of the company’s stock after buying an additional 12,790 shares during the period. Frank Rimerman Advisors LLC’s holdings in Super Micro Computer were worth $497,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter worth $30,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the 4th quarter worth $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 7.9 %

Super Micro Computer stock opened at $42.17 on Monday. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $114.78. The business’s 50-day moving average price is $38.01 and its 200 day moving average price is $37.98. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over 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 analyst reports. JPMorgan Chase & Co. upped their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.57.

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.