Vanguard Group Inc. Has $1.89 Billion Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Vanguard Group Inc. grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 908.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,992,493 shares of the company's stock after purchasing an additional 55,845,073 shares during the period. Vanguard Group Inc. owned about 10.59% of Super Micro Computer worth $1,889,531,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Super Micro Computer by 968.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company's stock worth $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Super Micro Computer by 798.1% during the 4th 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 in the last quarter. Swiss National Bank raised its position in 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 last quarter. Amundi acquired a new position in Super Micro Computer in the fourth quarter worth $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. grew 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 purchasing an additional 1,192,366 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

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Super Micro Computer Trading Down 1.3 %

SMCI traded down $0.46 during mid-day trading on Friday, hitting $34.26. The stock had a trading volume of 45,374,718 shares, compared to its average volume of 73,553,289. The stock's fifty day simple moving average is $39.33 and its 200-day simple moving average is $37.75. The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.21. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $106.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research reports. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised 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 report on Friday, March 21st. Finally, Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 target price 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $53.00.

Insider Buying and Selling

In other news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's 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 sale, the senior vice president now owns 19,449 shares in the company, 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. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate 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.