Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 605.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 614,287 shares of the company's stock after buying an additional 527,184 shares during the quarter. California Public Employees Retirement System owned approximately 0.10% of Super Micro Computer worth $18,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake 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 worth $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC grew its holdings in shares of Super Micro Computer by 902.0% during 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 during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the fourth quarter worth about $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SMCI shares. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. Finally, Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and an average target price of $53.00.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were 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 can be accessed through the SEC website. Also, 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 transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $1.29 during midday trading on Tuesday, hitting $31.71. 61,208,009 shares of the stock were exchanged, compared to its average volume of 73,454,379. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $39.62 and a 200-day moving average price of $37.06. The stock has a market cap of $18.82 billion, a P/E ratio of 15.92 and a beta of 1.22.

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.