9,608,569 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Fmr LLC

Fmr LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, Holdings Channel.com reports. The fund bought 9,608,569 shares of the company’s stock, valued at approximately $292,869,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $33.68 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03. The company’s 50 day moving average price is $40.08 and its two-hundred day moving average price is $36.97. The stock has a market cap of $19.99 billion, a P/E ratio of 16.91 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Activity at Super Micro Computer

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly 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. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SMCI shares. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $45.00 in a research note on Friday, March 21st. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.