Westpac Banking Corp Takes $169,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Westpac Banking Corp acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,551 shares of the company’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 purchasing an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the period. Finally, State Street Corp increased its position in shares of Super Micro Computer by 4.3% during the 3rd 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. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SMCI. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised 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 report on Friday, March 21st. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. Finally, Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $53.00.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last quarter. 17.60% of the stock is owned by corporate insiders.

Super Micro Computer Stock Down 7.7 %

Shares of SMCI stock opened at $29.82 on Friday. The company’s fifty day simple moving average is $39.39 and its two-hundred day simple moving average is $37.42. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $102.03. The stock has a market cap of $17.70 billion, a P/E ratio of 14.97 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.