Platinum Investment Management Ltd. Acquires Shares of 1,418 Super Micro Computer, Inc. (NASDAQ:SMCI)

Platinum Investment Management Ltd. acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,418 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $111,287,000 after acquiring an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Super Micro Computer by 798.1% in 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 during the last quarter. State Street Corp lifted its holdings in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Swiss National Bank lifted its holdings 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 worth $45,379,000 after acquiring an additional 1,332,400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred on 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 directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was 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. In the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $37.90 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $110.61. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $38.19 and a two-hundred day simple moving average of $37.91. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 19.03 and a beta of 1.21.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price objective 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. 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, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $52.57.

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.