DnB Asset Management AS Increases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

DnB Asset Management AS grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 322.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,421 shares of the company's stock after buying an additional 78,966 shares during the period. DnB Asset Management AS's holdings in Super Micro Computer were worth $3,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at $383,000. Parkside Financial Bank & Trust boosted its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC grew its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter worth about $30,000. Finally, Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. 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. 17.60% of the stock is owned by corporate insiders.

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Super Micro Computer Price Performance

SMCI traded up $0.81 during trading on Tuesday, reaching $35.05. The company's stock had a trading volume of 41,604,802 shares, compared to its average volume of 73,394,634. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $39.45 and a two-hundred day simple moving average of $37.58. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 17.60 and a beta of 1.21. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $105.72.

Analyst Ratings Changes

SMCI has been the subject of several recent research reports. 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. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $35.00 to $45.00 in a report on Friday, March 21st. Barclays started coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price on the stock. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $53.00.

Super Micro Computer 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.