Lido Advisors LLC Acquires 190,782 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Lido Advisors LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,046.6% in the fourth quarter, HoldingsChannel reports. The firm owned 209,010 shares of the company’s stock after purchasing an additional 190,782 shares during the quarter. Lido Advisors LLC’s holdings in Super Micro Computer were worth $6,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Super Micro Computer by 893.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 303,484 shares of the company’s stock worth $9,250,000 after buying an additional 272,942 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $1,622,000. Quarry LP acquired a new position in shares of Super Micro Computer in the fourth quarter valued at about $34,000. Finally, Boothbay Fund Management LLC acquired a new stake in Super Micro Computer in the 4th quarter worth about $394,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on 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. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $36.00 on Wednesday. The stock has a market cap of $21.37 billion, a P/E ratio of 18.07 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $37.44 and its 200-day moving average is $35.99. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Citigroup initiated coverage on Super Micro Computer in a research report on Friday, April 25th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.67.

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.