Nomura Asset Management Co. Ltd. lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 778.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,077 shares of the company's stock after buying an additional 136,533 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Super Micro Computer were worth $4,696,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at about $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $13,625,000. Sanctuary Advisors LLC boosted its stake in shares of 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 buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp grew its holdings in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after acquiring an additional 11,488 shares during the period. Finally, Oak Thistle LLC purchased a new position in Super Micro Computer in the fourth quarter worth $277,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Trading Down 7.9 %
Shares of NASDAQ SMCI traded down $2.77 during midday trading on Thursday, reaching $32.32. 44,864,916 shares of the stock were exchanged, compared to its average volume of 73,272,419. 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 capitalization of $19.18 billion, a P/E ratio of 16.22 and a beta of 1.21. The stock has a 50 day moving average price of $39.48 and a 200-day moving average price of $37.51. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $105.72.
Insiders Place Their Bets
In other news, 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 transaction of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07 % 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 valued at $6,771,552. Company insiders own 17.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on SMCI shares. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their target price for the company from $35.00 to $45.00 in a report on Friday, March 21st. Three equities research 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.00.
View Our Latest Research Report on SMCI
Super Micro Computer Company Profile
(
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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