Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) 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

Several research firms recently commented on SMCI. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. 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 report on Tuesday, February 11th. Finally, Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.57.

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.