Swiss National Bank Buys 1,332,400 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Swiss National Bank grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 851.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,488,800 shares of the company’s stock after buying an additional 1,332,400 shares during the period. Swiss National Bank owned 0.25% of Super Micro Computer worth $45,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 2,616,757 shares in the last quarter. Amundi purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $41,563,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares in the last quarter. Finally, National Pension Service purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $28,932,000. Institutional investors own 84.06% of the company’s stock.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the business’s 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 sale, the senior vice president now owns 19,449 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated 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. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.57.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $42.17 on Monday. The company has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a 50-day simple moving average of $38.01 and a two-hundred day simple moving average of $37.98. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $114.78.

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.