Fisher Asset Management LLC Acquires New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Fisher Asset Management LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,859 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SMCI. Retirement Systems of Alabama raised its position in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after acquiring an additional 258 shares in the last quarter. Archer Investment Corp increased its position in Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after buying an additional 448 shares in the last quarter. Advisors Asset Management Inc. increased its position in Super Micro Computer by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after buying an additional 478 shares in the last quarter. Cerity Partners LLC increased its position in Super Micro Computer by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after buying an additional 497 shares in the last quarter. Finally, Townsquare Capital LLC increased its position in Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after buying an additional 522 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $38.24 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company has a market cap 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 quick ratio of 1.93 and a current ratio of 3.77. The business’s 50 day moving average price is $37.08 and its 200 day moving average price is $38.79.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target on the stock. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three 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. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $56.64.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer 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 transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is 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.