Zurcher Kantonalbank Zurich Cantonalbank Has $6.08 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,202.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 199,524 shares of the company’s stock after purchasing an additional 184,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $6,081,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Fairscale Capital LLC boosted its position in Super Micro Computer by 444.9% during the fourth quarter. Fairscale Capital LLC now owns 2,381 shares of the company’s stock worth $73,000 after purchasing an additional 1,944 shares during the period. Mount Lucas Management LP lifted its stake in shares of Super Micro Computer by 726.8% in the fourth quarter. Mount Lucas Management LP now owns 2,803 shares of the company’s stock worth $85,000 after buying an additional 2,464 shares during the last quarter. SLT Holdings LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $861,000. AlphaQuest LLC grew its stake in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock valued at $33,000 after buying an additional 762 shares during the last quarter. Finally, Amundi bought a new position in Super Micro Computer in the 4th quarter worth $41,563,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $42.17 on Friday. The firm has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $114.78. The firm has a 50-day moving average price of $38.01 and a 200 day moving average price of $38.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They set a “buy” rating and a $60.00 target price for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.57.

Insider Activity

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm’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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

About Super Micro Computer

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.