Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 1,202.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,524 shares of the company’s stock after acquiring an additional 184,209 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $6,081,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Super Micro Computer by 12.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 124,652 shares of the company’s stock worth $51,905,000 after buying an additional 13,936 shares in the last quarter. Victory Capital Management Inc. raised its position in Super Micro Computer by 128.2% in the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock worth $17,756,000 after acquiring an additional 23,959 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Super Micro Computer by 108.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,132 shares of the company’s stock valued at $471,000 after acquiring an additional 589 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Super Micro Computer by 147.3% during the 3rd quarter. CIBC Asset Management Inc now owns 17,132 shares of the company’s stock valued at $7,134,000 after purchasing an additional 10,203 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Super Micro Computer by 435.0% in the 3rd quarter. Empowered Funds LLC now owns 8,870 shares of the company’s stock worth $3,693,000 after purchasing an additional 7,212 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.
Insider Buying and Selling
In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $828,606.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Super Micro Computer
Super Micro Computer Stock Up 7.9 %
SMCI stock opened at $42.17 on Friday. The company has a 50 day moving average of $38.01 and a two-hundred day moving average of $38.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $114.78. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21.
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.
Featured Stories
- Five stocks we like better than Super Micro Computer
- Investing In Automotive Stocks
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Consumer Staples Stocks, Explained
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Transportation Stocks Investing
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.