Super Micro Computer, Inc. (NASDAQ:SMCI) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 968.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,651,134 shares of the company’s stock after buying an additional 3,309,398 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.62% of Super Micro Computer worth $111,287,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont boosted its stake in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust grew its position in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $34,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 3.2 %

Shares of NASDAQ SMCI opened at $38.24 on Friday. 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 $122.90. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. The business has a fifty day simple moving average of $37.08 and a 200-day simple moving average of $38.79.

Analyst Ratings Changes

SMCI has been the topic of several analyst reports. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. The Goldman Sachs Group raised their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Three investment 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’s stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $56.64.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction 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. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated 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 sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer 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.