Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 683.6% during the fourth quarter, Holdings Channel reports. The firm owned 10,085 shares of the company’s stock after acquiring an additional 8,798 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Super Micro Computer were worth $307,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. Charles Schwab Investment Management Inc. increased its position in Super Micro Computer by 968.4% in the 4th 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 increased its position in Super Micro Computer by 798.1% in 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 acquiring an additional 2,616,757 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Super Micro Computer by 956.6% in the 4th 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. National Pension Service acquired a new position in Super Micro Computer in the 4th quarter valued at about $28,932,000. Finally, Rhumbline Advisers increased its position in Super Micro Computer by 897.0% in the 4th quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after acquiring an additional 885,582 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $38.24 on Friday. The business’s 50 day simple moving average is $37.08 and its 200-day simple moving average is $38.79. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price 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. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Northland Securities reiterated an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $56.64.

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.