California Public Employees Retirement System Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

California Public Employees Retirement System boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 605.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMCI. Retirement Systems of Alabama lifted its stake in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after buying an additional 258 shares in the last quarter. Investment Management Corp of Ontario grew its position in shares of Super Micro Computer by 53.0% in the third quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock valued at $721,000 after purchasing an additional 600 shares in the last quarter. AlphaQuest LLC lifted its holdings in Super Micro Computer by 233.0% during the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Blue Trust Inc. grew its stake in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after acquiring an additional 825 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in shares of Super Micro Computer by 103.6% during the 4th quarter. Montag A & Associates Inc. now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 865 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $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. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Cfra upgraded 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. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average target price of $53.00.

Super Micro Computer Trading Up 3.4 %

Shares of NASDAQ SMCI traded up $1.13 during trading on Tuesday, reaching $34.13. The stock had a trading volume of 26,216,328 shares, compared to its average volume of 73,201,200. The business's 50-day moving average price is $39.47 and its 200-day moving average price is $37.25. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $102.03. The company has a market cap of $20.26 billion, a P/E ratio of 17.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.