Resona Asset Management Co. Ltd. bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 154,969 shares of the company's stock, valued at approximately $4,756,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new stake in shares of Super Micro Computer during the 3rd quarter worth $383,000. Janus Henderson Group PLC lifted its position in Super Micro Computer by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 6,560 shares of the company's stock worth $2,732,000 after acquiring an additional 1,736 shares during the last quarter. Stifel Financial Corp boosted its holdings in Super Micro Computer by 110.8% during the third quarter. Stifel Financial Corp now owns 36,628 shares of the company's stock valued at $15,252,000 after acquiring an additional 19,252 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Super Micro Computer by 22.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 5,230 shares of the company's stock valued at $2,105,000 after purchasing an additional 972 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Super Micro Computer by 142.6% in the third quarter. M&T Bank Corp now owns 2,681 shares of the company's stock worth $1,117,000 after purchasing an additional 1,576 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.
Super Micro Computer Price Performance
Shares of NASDAQ:SMCI traded down $0.53 on Friday, hitting $33.15. The stock had a trading volume of 27,544,182 shares, compared to its average volume of 73,522,795. The firm's 50 day moving average price is $40.16 and its 200-day moving average price is $36.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 16.64 and a beta of 1.22.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SMCI. Barclays assumed coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price for the company. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 target price for the company. Finally, StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $53.00.
View Our Latest Report on SMCI
Insider Activity at Super Micro Computer
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer 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 completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Insiders own 17.60% of the company's stock.
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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