Banco Bilbao Vizcaya Argentaria S.A. Buys 155,881 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 304.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 207,159 shares of the company's stock after purchasing an additional 155,881 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Super Micro Computer were worth $6,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SMCI. Clear Creek Financial Management LLC bought a new stake in shares of Super Micro Computer in the 4th quarter worth $635,000. Nepsis Inc. acquired a new stake in Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Fifth Third Bancorp boosted its holdings in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after buying an additional 11,488 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at $277,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $5,113,000. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on SMCI shares. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Citigroup assumed coverage on shares of Super Micro Computer in a research report on Friday. They issued a "neutral" rating and a $39.00 price target for the company. JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Northland Securities set a $70.00 target price on Super Micro Computer in a research note on Thursday, March 6th. Finally, Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.67.

Super Micro Computer Stock Performance

Shares of SMCI traded up $0.66 during trading hours on Friday, reaching $36.47. 38,037,111 shares of the company traded hands, compared to its average volume of 72,269,420. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock's fifty day moving average is $38.37 and its 200 day moving average is $36.06. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $101.40. The stock has a market cap of $21.64 billion, a P/E ratio of 18.31 and a beta of 1.22.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 19,449 shares in the company, 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 is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

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.