Norges Bank acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 344,935 shares of the company's stock, valued at approximately $10,514,000. Norges Bank owned approximately 0.06% of Super Micro Computer as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. purchased a new stake in shares of Super Micro Computer during the third quarter valued at approximately $383,000. Parkside Financial Bank & Trust raised its position in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% in the 4th 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. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. Finally, Trust Co. of Vermont increased its stake in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 900 shares during the period. 84.06% of the stock is owned by institutional investors.
Super Micro Computer Stock Down 1.6 %
Shares of SMCI traded down $0.53 during trading hours on Friday, hitting $33.15. The company had a trading volume of 27,544,182 shares, compared to its average volume of 73,522,795. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 16.64 and a beta of 1.22. The firm has a fifty day moving average price of $40.16 and a 200-day moving average price of $36.88. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $102.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.
Insiders Place Their Bets
In related news, 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 transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on SMCI shares. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price objective for the company. Finally, StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $53.00.
Check Out Our Latest Analysis 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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