5,551 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Westpac Banking Corp

Westpac Banking Corp acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,551 shares of the company’s stock, valued at approximately $169,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMCI. Cynosure Group LLC purchased a new position in shares of Super Micro Computer in the fourth quarter worth $556,000. Huntington National Bank increased its position in shares of Super Micro Computer by 1,261.8% in the fourth quarter. Huntington National Bank now owns 1,498 shares of the company’s stock valued at $46,000 after acquiring an additional 1,388 shares during the period. Centric Wealth Management bought a new position in shares of Super Micro Computer during the fourth quarter valued at about $2,225,000. OLD Mission Capital LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at about $637,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. Institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer 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 completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 7.7 %

Shares of NASDAQ:SMCI opened at $29.82 on Friday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $102.03. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 14.97 and a beta of 1.22. The stock has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $37.42. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

A number of research analysts have commented on SMCI shares. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock 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.