BI Asset Management Fondsmaeglerselskab A S Has $3.23 Million Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 7,914.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,796 shares of the company's stock after acquiring an additional 104,476 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Super Micro Computer were worth $3,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SMCI. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth about $292,869,000. Invesco Ltd. increased its holdings in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Super Micro Computer by 416,945.0% in the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after acquiring an additional 3,752,505 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP George Kao sold 71,720 shares of the 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMCI. JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective on the stock. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $52.57.

Super Micro Computer Price Performance

NASDAQ SMCI traded up $2.11 on Thursday, reaching $35.01. The company's stock had a trading volume of 21,598,297 shares, compared to its average volume of 66,916,609. The firm has a market cap of $20.77 billion, a PE ratio of 17.55 and a beta of 1.22. 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 52 week low of $17.25 and a 52 week high of $101.40. The business has a 50-day moving average price of $38.99 and a 200 day moving average price of $36.35.

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.