Canada Pension Plan Investment Board Acquires 596,029 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Canada Pension Plan Investment Board boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3,530.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,913 shares of the company's stock after buying an additional 596,029 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of Super Micro Computer worth $18,682,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Advisory Research Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $1,194,000. Garden State Investment Advisory Services LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $1,141,000. Marshall Wace LLP lifted its position in Super Micro Computer by 416,945.0% during the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after purchasing an additional 3,752,505 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Super Micro Computer by 223.3% during the 4th quarter. NewEdge Advisors LLC now owns 35,948 shares of the company's stock valued at $1,096,000 after buying an additional 24,830 shares during the period. Finally, United Capital Financial Advisors LLC grew its holdings in shares of Super Micro Computer by 945.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 10,225 shares of the company's stock worth $312,000 after acquiring an additional 9,247 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

SMCI stock traded up $2.33 during trading on Wednesday, hitting $32.91. 52,427,436 shares of the company's stock traded hands, compared to its average volume of 72,423,796. The business has a fifty day simple moving average of $39.29 and a 200 day simple moving average of $36.38. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $101.40. 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 has a market capitalization of $19.53 billion, a price-to-earnings ratio of 16.52 and a beta of 1.22.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SMCI shares. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.57.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction 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 accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % 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.

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.