OVERSEA CHINESE BANKING Corp Ltd grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 370.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,530 shares of the company's stock after purchasing an additional 7,504 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Super Micro Computer were worth $305,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer during the fourth quarter worth about $635,000. Nepsis Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC grew its holdings in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Super Micro Computer by 1,476.6% during the fourth 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 during the period. Finally, Bridgewater Associates LP raised its stake in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock valued at $67,084,000 after purchasing an additional 145,327 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SMCI. Northland Capmk upgraded shares of 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 report on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the stock from $40.00 to $32.00 in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $53.00.
Get Our Latest Stock Report on SMCI
Insiders Place Their Bets
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business'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. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.
Super Micro Computer Price Performance
Shares of Super Micro Computer stock traded down $0.43 during trading on Monday, reaching $41.72. The company's stock had a trading volume of 84,875,208 shares, compared to its average volume of 73,254,721. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $110.61. The stock has a 50-day moving average price of $38.66 and a two-hundred day moving average price of $37.84. 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 stock has a market capitalization of $24.76 billion, a P/E ratio of 20.94 and a beta of 1.21.
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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