Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,008.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 851,426 shares of the company's stock after buying an additional 774,586 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Super Micro Computer worth $28,378,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC purchased a new position in Super Micro Computer during the 4th quarter worth $635,000. Nepsis Inc. purchased a new position in Super Micro Computer during the fourth quarter worth about $13,625,000. Sanctuary Advisors LLC lifted its position in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. Fifth Third Bancorp boosted its holdings in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after purchasing an additional 11,488 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Super Micro Computer during the 4th quarter worth approximately $277,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Insider Buying and Selling at Super Micro Computer
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business's 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 directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI traded up $0.81 on Tuesday, hitting $35.05. The company had a trading volume of 41,604,802 shares, compared to its average volume of 73,308,695. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $20.80 billion, a PE ratio of 17.60 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $106.90. The business has a 50 day moving average of $39.40 and a 200 day moving average of $37.65.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SMCI. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target on the stock. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and increased their target price for the company from $35.00 to $45.00 in a report on Friday, March 21st. Three 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 stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and an average price target of $53.00.
Read Our Latest Report on SMCI
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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