Korea Investment CORP Makes New $5.60 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Korea Investment CORP bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 183,671 shares of the company's stock, valued at approximately $5,598,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. 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 raised its position in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of 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 buying an additional 954 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SMCI shares. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $53.00.

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Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded up $0.81 during trading on Tuesday, hitting $35.05. 41,604,802 shares of the stock were exchanged, compared to its average volume of 73,394,634. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $105.72. The company has a market cap of $20.80 billion, a PE ratio of 17.60 and a beta of 1.21. The company has a fifty day moving average price of $39.45 and a two-hundred day moving average price of $37.58. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

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.