Prudential PLC Buys 24,224 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Prudential PLC boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 3,255.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,968 shares of the company's stock after purchasing an additional 24,224 shares during the period. Prudential PLC's holdings in Super Micro Computer were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Super Micro Computer by 968.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock valued at $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock worth $89,752,000 after buying an additional 2,616,757 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Super Micro Computer by 851.9% in the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after acquiring an additional 1,332,400 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

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Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction dated 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 directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer 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 transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of 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. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.00.

Super Micro Computer Stock Down 2.7 %

NASDAQ:SMCI traded down $0.90 on Friday, hitting $32.78. The stock had a trading volume of 12,687,038 shares, compared to its average volume of 73,323,442. The company has a market cap of $19.45 billion, a PE ratio of 16.51 and a beta of 1.22. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03. The business's fifty day moving average is $40.08 and its 200 day moving average is $36.97. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer Company Profile

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.