California Public Employees Retirement System Increases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

California Public Employees Retirement System increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 605.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 614,287 shares of the company’s stock after buying an additional 527,184 shares during the period. California Public Employees Retirement System owned about 0.10% of Super Micro Computer worth $18,723,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC lifted its stake in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp grew its holdings in Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after buying an additional 11,488 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Super Micro Computer during the fourth quarter worth $277,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SMCI. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.00.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Down 7.7 %

SMCI opened at $29.82 on Friday. The company has a market cap of $17.70 billion, a PE ratio of 14.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $102.03. The firm has a 50 day moving average price of $39.39 and a 200 day moving average price of $37.42.

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.