KLP Kapitalforvaltning AS Purchases Shares of 173,600 Super Micro Computer, Inc. (NASDAQ:SMCI)

KLP Kapitalforvaltning AS 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 173,600 shares of the company's stock, valued at approximately $5,291,000.

Several other institutional investors also recently added to or reduced their stakes in SMCI. Meridian Wealth Management LLC bought a new stake in shares of Super Micro Computer in the third quarter valued at $270,000. Benjamin Edwards Inc. purchased a new stake in Super Micro Computer during the third quarter valued at about $383,000. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% during the fourth 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 period. Larson Financial Group LLC increased 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 worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price objective on the stock. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the company from $40.00 to $32.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.00.

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Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last three months. Insiders own 17.60% of the company's stock.

Super Micro Computer Price Performance

SMCI traded up $0.02 during midday trading on Friday, hitting $34.74. The stock had a trading volume of 31,830,143 shares, compared to its average volume of 74,083,227. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $106.90. 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 business has a fifty day moving average of $39.27 and a 200 day moving average of $37.79. The company has a market cap of $20.62 billion, a P/E ratio of 17.44 and a beta of 1.21.

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.