American Century Companies Inc. Buys 84,691 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

American Century Companies Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 111.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,007 shares of the company's stock after purchasing an additional 84,691 shares during the quarter. American Century Companies Inc.'s holdings in Super Micro Computer were worth $4,907,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SMCI. Benjamin Edwards Inc. bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at $383,000. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Finally, Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Insider Activity

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on SMCI shares. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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. JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted 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 target on Super Micro Computer in a report on Thursday, March 6th. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.00.

Super Micro Computer Trading Up 15.8 %

NASDAQ SMCI traded up $5.00 during trading on Wednesday, hitting $36.71. 69,592,291 shares of the company's stock traded hands, compared to its average volume of 73,572,260. The stock has a fifty day moving average of $39.94 and a two-hundred day moving average of $37.06. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $102.03. The firm has a market cap of $21.79 billion, a P/E ratio of 18.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.