Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,037.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,840 shares of the company's stock after buying an additional 233,338 shares during the quarter. Prudential Financial Inc.'s holdings in Super Micro Computer were worth $7,798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama grew its holdings in Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after purchasing an additional 258 shares during the period. Cerity Partners LLC grew its stake in shares of Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after buying an additional 497 shares during the period. Townsquare Capital LLC increased its holdings in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after buying an additional 522 shares during the last quarter. Investment Management Corp of Ontario raised its position in shares of Super Micro Computer by 53.0% in the 3rd quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock worth $721,000 after buying an additional 600 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

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Super Micro Computer Stock Down 0.1 %

SMCI stock traded down $0.02 during midday trading on Monday, hitting $34.24. 43,729,458 shares of the company's stock were exchanged, compared to its average volume of 73,434,552. The firm has a 50 day moving average price of $39.33 and a 200-day moving average price of $37.72. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $106.90. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred 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 filing with the SEC, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Rosenblatt Securities initiated 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 objective for the company. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. Finally, Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of "Hold" and an average target price 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.