Nomura Asset Management Co. Ltd. Has $4.70 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nomura Asset Management Co. Ltd. grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 778.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,077 shares of the company’s stock after purchasing an additional 136,533 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Super Micro Computer were worth $4,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after acquiring an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. State Street Corp boosted its position in Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after purchasing an additional 88,692 shares during the last quarter. Finally, Swiss National Bank grew its stake in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after purchasing an additional 1,332,400 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMCI. Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective on the stock. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note 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 objective on the stock in a research note on Tuesday, February 11th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. 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 given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer Trading Up 2.4 %

SMCI stock opened at $35.05 on Wednesday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $105.72. The company has a market capitalization of $20.80 billion, a PE ratio of 17.60 and a beta of 1.21. The company’s 50-day simple moving average is $39.45 and its 200 day simple moving average is $37.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

About Super Micro Computer

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.