Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 876.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 107,077 shares of the company’s stock after purchasing an additional 96,114 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Super Micro Computer were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. 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 valued at $111,287,000 after acquiring an additional 3,309,398 shares during the period. 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 valued at $89,752,000 after acquiring an additional 2,616,757 shares during the period. 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 valued at $45,379,000 after acquiring an additional 1,332,400 shares during the period. Amundi acquired a new stake in Super Micro Computer in the fourth quarter valued at $41,563,000. 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 valued at $40,143,000 after acquiring an additional 1,192,366 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 7.8 %

Super Micro Computer stock opened at $42.15 on Monday. The stock has a market cap of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. The stock has a 50-day moving average price of $38.66 and a 200 day moving average price of $37.84. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SMCI shares. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities started coverage on Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 target price for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $45.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $53.29.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer 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 $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were 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 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by company insiders.

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.