Korea Investment CORP Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Korea Investment CORP bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 183,671 shares of the company’s stock, valued at approximately $5,598,000.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC lifted its position in Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after purchasing an additional 497 shares during the period. Townsquare Capital LLC lifted its holdings in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after acquiring an additional 522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Super Micro Computer by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock worth $6,377,000 after acquiring an additional 2,403 shares in the last quarter. Captrust Financial Advisors increased its stake in Super Micro Computer by 132.2% in the third quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock valued at $7,872,000 after acquiring an additional 10,763 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in Super Micro Computer by 296.0% during the third quarter. Verition Fund Management LLC now owns 15,213 shares of the company’s stock valued at $6,335,000 after purchasing an additional 11,371 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last ninety days. Insiders own 17.60% of the company’s stock.

Super Micro Computer Trading Down 0.1 %

Shares of SMCI stock opened at $34.24 on Tuesday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $106.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 17.19 and a beta of 1.21. The stock has a 50-day moving average of $39.40 and a 200-day moving average of $37.65.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMCI. Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Rosenblatt Securities assumed coverage on shares of 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 shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $53.00.

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.