9,608,569 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Fmr LLC

FMR LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,608,569 shares of the company's stock, valued at approximately $292,869,000. FMR LLC owned approximately 1.64% of Super Micro Computer at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. Parkside Financial Bank & Trust boosted its stake in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SMCI shares. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $53.00.

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Insider Buying and Selling at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred 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 sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

Shares of SMCI traded up $0.51 during mid-day trading on Tuesday, reaching $33.63. The company had a trading volume of 14,635,001 shares, compared to its average volume of 73,293,581. The company has a market capitalization of $19.96 billion, a P/E ratio of 16.93 and a beta of 1.22. The company's 50-day moving average is $40.19 and its 200-day moving average is $36.76. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

About Super Micro Computer

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.