Vanguard Group Inc. Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Vanguard Group Inc. boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 908.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,992,493 shares of the company’s stock after acquiring an additional 55,845,073 shares during the quarter. Vanguard Group Inc. owned 10.59% of Super Micro Computer worth $1,889,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer during the 4th quarter valued at $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of SMCI opened at $37.04 on Thursday. The stock has a market capitalization of $21.98 billion, a PE ratio of 18.59 and a beta of 1.21. The business’s fifty day moving average price is $39.19 and its 200 day moving average price is $37.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $106.90.

Wall Street Analyst Weigh In

Several research analysts have commented on SMCI shares. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $40.00 to $32.00 in a report on Monday. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.00.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company’s stock.

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.