OVERSEA CHINESE BANKING Corp Ltd Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

OVERSEA CHINESE BANKING Corp Ltd grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 370.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,530 shares of the company’s stock after purchasing an additional 7,504 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Super Micro Computer were worth $305,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in 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 worth $89,752,000 after buying an additional 2,616,757 shares during the last quarter. State Street Corp raised its holdings in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after buying an additional 88,692 shares during the last quarter. Swiss National Bank raised its holdings in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Super Micro Computer by 956.6% during 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 during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

SMCI opened at $39.10 on Friday. The firm has a market cap of $23.21 billion, a P/E ratio of 19.63 and a beta of 1.21. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $110.61. The company has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $37.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction 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 three months. 17.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities began coverage on shares of Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.57.

About Super Micro Computer

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.