Charles Schwab Investment Management Inc. Has $111.29 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Charles Schwab Investment Management Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 968.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,651,134 shares of the company’s stock after buying an additional 3,309,398 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Super Micro Computer were worth $111,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of 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 worth $89,752,000 after purchasing an additional 2,616,757 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in 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 valued at $40,143,000 after acquiring an additional 1,192,366 shares in the last quarter. National Pension Service acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $28,932,000. Rhumbline Advisers grew its position in Super Micro Computer by 897.0% in the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock worth $30,002,000 after acquiring an additional 885,582 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Super Micro Computer by 887.7% during the 4th quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock worth $19,060,000 after purchasing an additional 562,029 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.64.

Insider Buying and Selling at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Up 3.2 %

NASDAQ SMCI opened at $38.24 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The stock has a market cap of $22.69 billion, a PE ratio of 19.20 and a beta of 1.21. The firm has a 50-day simple moving average of $37.08 and a 200 day simple moving average of $38.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer Company 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.