Himension Capital Singapore PTE. LTD. Purchases New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,285 shares of the company's stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp lifted its holdings in Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock worth $89,752,000 after purchasing an additional 2,616,757 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Super Micro Computer by 851.9% in the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after buying an additional 1,332,400 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

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Super Micro Computer Trading Down 7.7 %

Shares of Super Micro Computer stock traded down $2.50 on Friday, hitting $29.82. 54,337,949 shares of the company's stock traded hands, compared to its average volume of 73,383,102. The company has a fifty day moving average of $39.39 and a two-hundred day moving average of $37.32. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $102.03. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 14.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the company's 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the stock in a transaction 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 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. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. The Goldman Sachs Group lowered 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. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of "Hold" and an average price target of $53.00.

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.