Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 908.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,992,493 shares of the company’s stock after acquiring an additional 55,845,073 shares during the period. Vanguard Group Inc. owned 0.11% of Super Micro Computer worth $1,889,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Super Micro Computer by 561.3% during the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company’s stock worth $20,592,000 after acquiring an additional 573,439 shares during the period. Mizuho Markets Cayman LP raised its stake in shares of Super Micro Computer by 952.8% during the fourth quarter. Mizuho Markets Cayman LP now owns 7,580 shares of the company’s stock valued at $231,000 after purchasing an additional 6,860 shares in the last quarter. Optimum Investment Advisors lifted its holdings in Super Micro Computer by 70.5% in the fourth quarter. Optimum Investment Advisors now owns 2,930 shares of the company’s stock worth $89,000 after purchasing an additional 1,212 shares during the period. KLP Kapitalforvaltning AS bought a new position in Super Micro Computer in the 4th quarter valued at about $5,291,000. Finally, Sei Investments Co. increased its stake in Super Micro Computer by 617.0% during the 4th quarter. Sei Investments Co. now owns 34,422 shares of the company’s stock valued at $1,049,000 after buying an additional 29,621 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

SMCI opened at $37.04 on Thursday. The firm has a market capitalization of $21.98 billion, a P/E ratio of 18.59 and a beta of 1.21. The stock has a fifty day moving average of $39.19 and a 200-day moving average of $37.81. 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 $106.90.

Insider Buying and Selling

In other news, Director Robert L. Blair sold 19,460 shares of the 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm’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 transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMCI. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price target for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Rosenblatt Securities began coverage on Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective for the company. Barclays initiated coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. Finally, Cfra upgraded shares of 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. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

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.