American Century Companies Inc. Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

American Century Companies Inc. grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 111.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,007 shares of the company's stock after acquiring an additional 84,691 shares during the quarter. American Century Companies Inc.'s holdings in Super Micro Computer were worth $4,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer in the fourth quarter worth $635,000. Nepsis Inc. purchased a new position in Super Micro Computer in the 4th quarter worth about $13,625,000. Sanctuary Advisors LLC lifted its stake in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after acquiring an additional 21,997 shares during the period. Fifth Third Bancorp lifted its stake in Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after acquiring an additional 11,488 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $277,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Down 7.7 %

Shares of NASDAQ:SMCI traded down $2.50 during trading hours on Friday, hitting $29.82. The company's stock had a trading volume of 54,337,949 shares, compared to its average volume of 73,383,102. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 14.97 and a beta of 1.22. The firm's fifty day moving average price is $39.39 and its 200 day moving average price is $37.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03.

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Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Cfra upgraded 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $53.00.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value 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. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Company 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.