Royal London Asset Management Ltd. Buys 7,714 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Royal London Asset Management Ltd. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,197 shares of the company's stock after buying an additional 7,714 shares during the period. Royal London Asset Management Ltd.'s holdings in Super Micro Computer were worth $1,134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $111,287,000 after acquiring an additional 3,309,398 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the period. Swiss National Bank raised its holdings in shares of Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after buying an additional 1,332,400 shares during the last quarter. Amundi acquired a new stake in Super Micro Computer in the 4th quarter valued at approximately $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake 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 acquiring an additional 1,192,366 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Remove Ads

Super Micro Computer Stock Down 2.6 %

NASDAQ:SMCI traded down $1.08 during trading hours on Tuesday, hitting $40.64. 57,578,808 shares of the company's stock traded hands, compared to its average volume of 73,266,927. The stock's fifty day moving average price is $38.87 and its two-hundred day moving average price is $37.83. The firm has a market cap of $24.12 billion, a P/E ratio of 20.40 and a beta of 1.21. 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 $110.61.

Analysts Set New Price Targets

SMCI has been the topic of a number of research analyst reports. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Finally, Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $53.00.

Insider Activity

In related 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 transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction dated 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. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. Company insiders own 17.60% of the company's stock.

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.