National Pension Service Makes New $28.93 Million Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

National Pension Service acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 949,220 shares of the company’s stock, valued at approximately $28,932,000. National Pension Service owned approximately 0.16% of Super Micro Computer at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont increased its stake in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $34,000. Finally, Blue Trust Inc. increased its stake in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after buying an additional 825 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Price Performance

Shares of SMCI opened at $41.09 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The stock has a market cap of $24.38 billion, a P/E ratio of 20.63 and a beta of 1.30. The stock’s 50-day moving average price is $36.63 and its two-hundred day moving average price is $39.58.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research reports. 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 research note on Tuesday, February 11th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Barclays began coverage on Super Micro Computer in a research report on Thursday. They issued an “equal weight” rating and a $59.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.87.

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.