Handelsbanken Fonder AB Has $9.64 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Handelsbanken Fonder AB increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 242.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,900 shares of the company’s stock after purchasing an additional 24,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Super Micro Computer were worth $9,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after acquiring an additional 1,319,768 shares in the last quarter. Northern Trust Corp raised its holdings in Super Micro Computer by 7.4% in the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock valued at $178,520,000 after acquiring an additional 44,678 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Super Micro Computer in the 3rd quarter valued at $140,751,000. Bank of New York Mellon Corp increased its stake in shares of Super Micro Computer by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock valued at $133,557,000 after purchasing an additional 20,296 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target on the stock. Wedbush restated a “neutral” rating and set a $530.00 price objective on shares of Super Micro Computer in a research report on Wednesday. Rosenblatt Securities boosted their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Barclays boosted their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Loop Capital lifted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $949.85.

Super Micro Computer Stock Down 0.9 %

Shares of NASDAQ:SMCI opened at $754.72 on Thursday. The company has a market capitalization of $42.21 billion, a price-to-earnings ratio of 58.92, a P/E/G ratio of 0.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The business’s 50-day moving average is $952.15 and its 200-day moving average is $559.41. Super Micro Computer, Inc. has a 1 year low of $93.19 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business earned $3.09 EPS. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. Equities research analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is owned by company insiders.

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.