Rakuten Securities Inc. lowered its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 90.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,015 shares of the company's stock after selling 69,645 shares during the period. Rakuten Securities Inc.'s holdings in Super Micro Computer were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of SMCI. Charles Schwab Investment Management Inc. raised its stake in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after acquiring an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 798.1% in 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 purchasing an additional 2,616,757 shares in the last quarter. Amundi purchased a new position in Super Micro Computer during the 4th quarter worth $41,563,000. Sumitomo Mitsui Trust Group Inc. increased its position in Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock valued at $40,143,000 after buying an additional 1,192,366 shares in the last quarter. Finally, National Pension Service acquired a new stake in Super Micro Computer in the fourth quarter worth about $28,932,000. Institutional investors own 84.06% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Finally, Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday. They set a "buy" rating and a $60.00 target price on the stock. Three equities research 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's stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average target price of $52.57.
Get Our Latest Report on SMCI
Super Micro Computer Trading Up 10.7 %
Shares of SMCI stock opened at $40.84 on Wednesday. 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's 50-day moving average price is $37.41 and its 200-day moving average price is $38.32. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 20.50 and a beta of 1.21. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $119.80.
Insiders Place Their Bets
In related news, 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 value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The shares were 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 quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.
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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