Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,037.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 255,840 shares of the company’s stock after buying an additional 233,338 shares during the period. Prudential Financial Inc.’s holdings in Super Micro Computer were worth $7,798,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SMCI. Corebridge Financial Inc. boosted its position in Super Micro Computer by 746.3% during the fourth quarter. Corebridge Financial Inc. now owns 154,236 shares of the company’s stock worth $4,701,000 after acquiring an additional 136,011 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $349,000. Emerald Advisers LLC increased its stake in Super Micro Computer by 892.3% during the fourth quarter. Emerald Advisers LLC now owns 15,500 shares of the company’s stock worth $472,000 after purchasing an additional 13,938 shares during the period. Vanguard Group Inc. increased its stake in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Finally, LPL Financial LLC increased its holdings in Super Micro Computer by 561.3% during the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company’s stock worth $20,592,000 after purchasing an additional 573,439 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now 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 filing with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction 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 transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last three months. 17.60% of the stock is owned by insiders.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $34.26 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $106.90. The firm’s fifty day moving average price is $39.33 and its 200 day moving average price is $37.75. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.21.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMCI. Rosenblatt Securities began coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price target on the stock. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays assumed coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.