Corebridge Financial Inc. Has $4.70 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Corebridge Financial Inc. boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 746.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,236 shares of the company's stock after acquiring an additional 136,011 shares during the period. Corebridge Financial Inc.'s holdings in Super Micro Computer were worth $4,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after acquiring an additional 2,616,757 shares during the period. Swiss National Bank grew its stake in shares of Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock worth $45,379,000 after acquiring an additional 1,332,400 shares during the last quarter. Finally, Amundi acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $41,563,000. Institutional investors and hedge funds own 84.06% of the company's stock.

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Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research reports. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and increased their target price for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.00.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the company'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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction 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 $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last three months. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $0.81 on Tuesday, hitting $35.05. The stock had a trading volume of 41,590,666 shares, compared to its average volume of 73,308,567. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. The firm's 50 day moving average price is $39.40 and its 200-day moving average price is $37.65. 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, Inc. has a twelve month low of $17.25 and a twelve month high of $106.90.

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.