Mizuho Markets Cayman LP Has $231,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mizuho Markets Cayman LP lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 952.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,580 shares of the company's stock after buying an additional 6,860 shares during the period. Super Micro Computer comprises 0.5% of Mizuho Markets Cayman LP's holdings, making the stock its 20th largest position. Mizuho Markets Cayman LP's holdings in Super Micro Computer were worth $231,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock valued at $111,287,000 after purchasing an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp boosted 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 last quarter. State Street Corp grew its stake in shares of Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company's stock valued at $890,322,000 after buying an additional 88,692 shares in the last quarter. Swiss National Bank increased its holdings in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock worth $45,379,000 after buying an additional 1,332,400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock worth $40,143,000 after acquiring an additional 1,192,366 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

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Super Micro Computer Price Performance

Shares of SMCI stock traded down $0.82 during trading on Tuesday, hitting $40.90. The company had a trading volume of 35,548,775 shares, compared to its average volume of 75,139,445. The firm has a market capitalization of $24.27 billion, a P/E ratio of 20.53 and a beta of 1.21. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $110.61. 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 stock's 50-day moving average price is $38.87 and its 200 day moving average price is $37.83.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $40.00 to $32.00 in a research note on Monday. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target on the stock. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.00.

About Super Micro Computer

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.