KLP Kapitalforvaltning AS Takes $5.29 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

KLP Kapitalforvaltning AS acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 173,600 shares of the company’s stock, valued at approximately $5,291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Super Micro Computer by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after buying an additional 478 shares during the period. Cerity Partners LLC lifted its holdings in Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after buying an additional 497 shares during the period. Townsquare Capital LLC lifted its holdings in Super Micro Computer by 66.5% in the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after buying an additional 522 shares during the period. Finally, Investment Management Corp of Ontario boosted its position in Super Micro Computer by 53.0% during the third quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company’s stock valued at $721,000 after acquiring an additional 600 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, 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 of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. 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 insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SMCI shares. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.00.

Super Micro Computer Stock Down 2.6 %

SMCI stock opened at $40.64 on Wednesday. The firm has a market capitalization of $24.12 billion, a PE ratio of 20.40 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 twelve month low of $17.25 and a twelve month high of $110.61. The stock’s 50 day moving average is $39.07 and its 200-day moving average is $37.83.

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.