Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 912.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,163 shares of the company's stock after buying an additional 190,308 shares during the quarter. Pictet Asset Management Holding SA's holdings in Super Micro Computer were worth $6,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. 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 valued at $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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. State Street Corp increased its holdings in shares of Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company's stock valued at $890,322,000 after purchasing an additional 88,692 shares in the last quarter. Finally, Swiss National Bank lifted its stake 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 purchasing an additional 1,332,400 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

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Super Micro Computer Trading Down 7.7 %

Super Micro Computer stock traded down $2.50 during mid-day trading on Friday, hitting $29.82. The company's stock had a trading volume of 54,337,949 shares, compared to its average volume of 73,303,667. The stock's fifty day moving average is $39.39 and its two-hundred day moving average is $37.42. 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 firm has a market capitalization of $17.70 billion, a PE ratio of 14.97 and a beta of 1.22. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target for the company. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has an average rating of "Hold" and an average price target of $53.00.

Insider Buying and Selling at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by insiders.

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.