Treasurer of the State of North Carolina increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 599.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,890 shares of the company's stock after acquiring an additional 186,720 shares during the period. Treasurer of the State of North Carolina's holdings in Super Micro Computer were worth $6,641,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 908.4% during the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC bought a new position in Super Micro Computer in the 4th quarter worth $292,869,000. Invesco Ltd. boosted its stake in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 worth $111,287,000 after acquiring an additional 3,309,398 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Corporate insiders own 17.60% of the company's stock.
Super Micro Computer Stock Performance
Super Micro Computer stock traded up $0.36 during trading on Tuesday, reaching $33.48. The company had a trading volume of 26,940,217 shares, compared to its average volume of 73,341,484. The firm's 50-day simple moving average is $40.19 and its 200 day simple moving average is $36.76. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03. 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 $19.87 billion, a price-to-earnings ratio of 16.81 and a beta of 1.22.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Finally, Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and an average target price of $53.00.
Check Out Our Latest Stock Report on Super Micro Computer
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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