Invesco Ltd. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 929.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,542,742 shares of the company's stock after purchasing an additional 6,810,082 shares during the period. Invesco Ltd. owned about 1.29% of Super Micro Computer worth $229,903,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in 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 buying an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new position in Super Micro Computer during the 4th quarter worth approximately $292,869,000. Charles Schwab Investment Management Inc. raised its stake in shares of Super Micro Computer by 968.4% during the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after buying an additional 2,616,757 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Price Performance
Super Micro Computer stock traded up $0.34 during midday trading on Tuesday, hitting $33.46. The company's stock had a trading volume of 20,963,254 shares, compared to its average volume of 73,317,972. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $102.03. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $40.19 and its 200-day moving average price is $36.76. The company has a market capitalization of $19.86 billion, a PE ratio of 16.80 and a beta of 1.22.
Analyst Upgrades and Downgrades
SMCI has been the subject of a number of research analyst reports. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target for the company. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised 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. Rosenblatt Securities assumed coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $53.00.
View Our Latest Research Report on Super Micro Computer
Insiders Place Their Bets
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on 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. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The shares were 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 sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. 17.60% of the stock is currently owned by company insiders.
Super Micro Computer Company Profile
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Free Report)
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.
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