1 week Ago By Defense World Staff
Norges Bank purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 344,935 shares of the company’s stock, valued at approximately $10,514,000.
Norges Bank owned approximately 0.06% of Super Micro Computer at the end of the most recent reporting period. Several other large investors have also modified their holdings of the business.
Vanguard Group Inc. raised its stake in Super Micro Computer by 908.4% in the 4th quarter.
Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc.
grew its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Super Micro Computer by 798.1% in the fourth quarter.
Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the last quarter. Swiss National Bank lifted its stake in shares of Super Micro Computer by 851.9% during the fourth quarter.
Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after buying an additional 1,332,400 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted 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 worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter.
84.06% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at Super Micro ComputerIn other Super Micro Computer news, Director Robert L.
Blair sold 19,460 shares of the company’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 value of $828,606.
80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.
67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552.
Corporate insiders own 17.60% of the company’s stock. Super Micro Computer Stock PerformanceSuper Micro Computer stock opened at $31.
71 on Wednesday. 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, Inc.
has a one year low of $17.25 and a one year high of $102.03.
The stock’s 50 day moving average price is $39.62 and its 200 day moving average price is $37.06.
The firm has a market capitalization of $18.82 billion, a PE ratio of 15.92 and a beta of 1.
22. Analyst Ratings ChangesA number of research analysts have weighed in on the company. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th.
Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. StockNews.
com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $40.00 to $32.
00 in a research report on Monday, March 24th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. 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 issued a strong buy rating to the stock.
According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $53.00.Check Out Our Latest Research Report on Super Micro ComputerSuper Micro Computer Profile (Free Report)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.Further ReadingFive stocks we like better than Super Micro ComputerTSX Venture Exchange (Formerly Canadian Venture Exchange)Tariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhat Are Dividend Contenders? Investing in Dividend ContendersQualcomm Breaks Down But RSI Signals It’s Severely OversoldHow to Evaluate a Stock Before Buying Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy.
