Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Raised by DnB Asset Management AS

DnB Asset Management AS lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 322.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,421 shares of the company’s stock after acquiring an additional 78,966 shares during the quarter. DnB Asset Management AS’s holdings in Super Micro Computer were worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SMCI. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its stake 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 acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the 4th quarter worth approximately $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $34.24 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $39.40 and a 200 day moving average price of $37.65. The firm has a market capitalization of $20.32 billion, a PE ratio of 17.19 and a beta of 1.21. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $106.90.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at $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. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of analyst reports. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Rosenblatt Securities began 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. Three 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.00.

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.