US Bancorp DE Buys 26,549 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

US Bancorp DE raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,147.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,863 shares of the company’s stock after purchasing an additional 26,549 shares during the period. US Bancorp DE’s holdings in Super Micro Computer were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. SpiderRock Advisors LLC grew its holdings in shares of Super Micro Computer by 14.5% in the 3rd quarter. SpiderRock Advisors LLC now owns 4,602 shares of the company’s stock valued at $1,916,000 after buying an additional 583 shares during the period. Sigma Planning Corp lifted its holdings in shares of Super Micro Computer by 25.1% in the third quarter. Sigma Planning Corp now owns 3,950 shares of the company’s stock valued at $1,645,000 after purchasing an additional 792 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Super Micro Computer by 581.6% in the third quarter. Crossmark Global Holdings Inc. now owns 23,380 shares of the company’s stock valued at $9,735,000 after purchasing an additional 19,950 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Super Micro Computer by 128.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,026 shares of the company’s stock valued at $828,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after buying an additional 61,071 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group raised their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $56.64.

Insider Activity

In related news, Director Robert L. Blair sold 19,460 shares of the firm’s 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 filing with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction 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 owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $38.24 on Monday. The stock has a fifty day moving average of $37.08 and a 200-day moving average of $38.64. The stock has a market capitalization of $22.69 billion, a P/E 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. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90.

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.