Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.26 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 876.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 107,077 shares of the company's stock after acquiring an additional 96,114 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Super Micro Computer were worth $3,264,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp lifted its holdings in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company's stock worth $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. Swiss National Bank grew its stake in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company's stock valued at $45,379,000 after acquiring an additional 1,332,400 shares during the period. Amundi bought a new stake in Super Micro Computer during the 4th quarter worth approximately $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays began 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 price target for the company. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $53.00.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $1.18 during mid-day trading on Tuesday, hitting $40.54. 43,738,103 shares of the company's stock traded hands, compared to its average volume of 73,254,549. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $110.61. The stock has a market cap of $24.06 billion, a price-to-earnings ratio of 20.30 and a beta of 1.21. The firm has a 50 day simple moving average of $38.87 and a two-hundred day simple moving average of $37.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.