Swiss National Bank Raises Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Swiss National Bank boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 851.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,488,800 shares of the company’s stock after purchasing an additional 1,332,400 shares during the period. Swiss National Bank’s holdings in Super Micro Computer were worth $45,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $635,000. Nepsis Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC boosted its position in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Fifth Third Bancorp boosted its position in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after purchasing an additional 11,488 shares in the last quarter. Finally, Bridgewater Associates LP boosted its position in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SMCI shares. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. 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 research note on Tuesday, February 11th. 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 assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Up 7.9 %

NASDAQ SMCI opened at $42.17 on Monday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $114.78. The company has a market cap of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21. The business has a fifty day moving average price of $38.01 and a 200 day moving average price of $37.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This 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 valued at $6,771,552 in the last three months. 17.60% of the stock is currently owned by insiders.

Super Micro Computer Company 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.