Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,486 shares of the company’s stock after acquiring an additional 1,040 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Super Micro Computer were worth $136,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Super Micro Computer by 968.4% in the 4th 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 during the period. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 798.1% in the 4th 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 during the period. State Street Corp boosted its position in shares of Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after purchasing an additional 88,692 shares during the period. Swiss National Bank boosted its position in shares of Super Micro Computer by 851.9% in the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after purchasing an additional 1,332,400 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Super Micro Computer by 956.6% in the 4th 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 period. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm’s 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 of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm’s 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. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.29.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $42.15 on Friday. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21. The stock has a 50 day simple moving average of $38.66 and a 200-day simple moving average of $37.88. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $110.61. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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.