Thrivent Financial for Lutherans Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Thrivent Financial for Lutherans boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,357 shares of the company’s stock after purchasing an additional 1,597 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Super Micro Computer were worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake 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 worth $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the last quarter. Swiss National Bank increased its holdings in shares of Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after purchasing an additional 1,332,400 shares during the last quarter. Amundi purchased a new position in Super Micro Computer during the fourth quarter worth approximately $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after buying an additional 1,192,366 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction 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 approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SMCI shares. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Finally, Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Three equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $35.09 on Thursday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $105.72. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 17.62 and a beta of 1.21. 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 stock’s fifty day simple moving average is $39.48 and its 200 day simple moving average is $37.51.

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.