Arlington Capital Management Inc. Purchases 47,340 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Arlington Capital Management Inc. grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 843.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,953 shares of the company’s stock after acquiring an additional 47,340 shares during the period. Super Micro Computer accounts for about 1.1% of Arlington Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. Arlington Capital Management Inc.’s holdings in Super Micro Computer were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SMCI. Meridian Wealth Management LLC bought a new position in Super Micro Computer during the third quarter worth about $270,000. Benjamin Edwards Inc. bought a new position in shares of Super Micro Computer during the 3rd quarter worth approximately $383,000. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its position 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, Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the fourth quarter worth $30,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $40.64 on Wednesday. The firm has a market capitalization of $24.12 billion, a PE ratio of 20.40 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $110.61. The firm has a fifty day simple moving average of $39.07 and a two-hundred day simple moving average of $37.83.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Super Micro Computer 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.