APG Asset Management US Inc. bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,590 shares of the company's stock, valued at approximately $506,000.
Several other institutional investors and hedge funds also recently bought and sold shares of SMCI. Vanguard Group Inc. lifted its stake in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC acquired a new position in Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock valued at $111,287,000 after purchasing an additional 3,309,398 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Super Micro Computer 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 sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the 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 quarter. 17.60% of the stock is currently owned by insiders.
Super Micro Computer Stock Performance
Shares of SMCI stock traded up $0.71 during trading hours on Monday, hitting $33.86. The stock had a trading volume of 17,212,409 shares, compared to its average volume of 73,465,858. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $20.10 billion, a PE ratio of 17.00 and a beta of 1.22. The stock's 50 day moving average is $40.16 and its 200 day moving average is $36.81.
Analyst Ratings Changes
Several brokerages recently weighed in on SMCI. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $53.00.
View Our Latest Analysis on SMCI
About Super Micro Computer
(
Free Report)
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.
Featured Articles
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
