Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 599.0% in the 4th quarter, HoldingsChannel reports. The firm owned 217,890 shares of the company’s stock after purchasing an additional 186,720 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Super Micro Computer were worth $6,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC acquired a new position in Super Micro Computer during the 4th quarter worth $292,869,000. Invesco Ltd. increased its holdings in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in 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 in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Performance

SMCI opened at $33.15 on Monday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $102.03. The stock has a market cap of $19.67 billion, a P/E ratio of 16.64 and a beta of 1.22. The stock’s 50 day simple moving average is $40.16 and its 200 day simple moving average is $36.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SMCI shares. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra upgraded shares of 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. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Barclays assumed coverage on 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus 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.