National Pension Service Buys Shares of 949,220 Super Micro Computer, Inc. (NASDAQ:SMCI)

National Pension Service bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, Holdings Channel.com reports. The firm bought 949,220 shares of the company’s stock, valued at approximately $28,932,000.

Other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont increased its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. increased its position in shares of Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SMCI. Barclays began coverage on Super Micro Computer in a research report on Thursday. They set an “equal weight” rating and a $59.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Northland Securities reissued an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $61.87.

Super Micro Computer Stock Performance

SMCI opened at $41.09 on Friday. The business has a fifty day simple moving average of $36.63 and a 200 day simple moving average of $39.58. The company has a market capitalization of $24.38 billion, a PE ratio of 20.63 and a beta of 1.30. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate 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.