Legal & General Group Plc boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 649.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,739,323 shares of the company's stock after purchasing an additional 3,240,401 shares during the period. Legal & General Group Plc owned about 0.64% of Super Micro Computer worth $113,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 908.4% during 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 914.7% during the 4th 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 last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 3,309,398 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SMCI has been the subject of several analyst reports. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target on the stock. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus price target of $53.00.
Read Our Latest Research Report on SMCI
Insider Buying and Selling at Super Micro Computer
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on 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. In the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.
Super Micro Computer Stock Performance
Shares of NASDAQ:SMCI traded up $0.51 during midday trading on Tuesday, hitting $33.63. The stock 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 PE ratio of 16.93 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The stock has a 50 day moving average price of $40.19 and a two-hundred day moving average price of $36.76. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.
About Super Micro Computer
(
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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