Daiwa Securities Group Inc. Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Daiwa Securities Group Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 77,572 shares of the company’s stock, valued at approximately $2,364,000.

Other large investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at about $635,000. Nepsis Inc. acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC lifted its position in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after acquiring an additional 21,997 shares during the period. Fifth Third Bancorp lifted its position in Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after acquiring an additional 11,488 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after buying an additional 145,327 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $42.17 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $38.01 and a two-hundred day moving average of $38.22. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $114.78. The company has a market cap of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21.

Analysts Set New Price Targets

A number of equities research analysts have commented on SMCI shares. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective on the stock. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $52.57.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 in the company, valued at $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 SEC, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. Company insiders own 17.60% of the company’s stock.

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.