Norges Bank Acquires Shares of 334,942 Super Micro Computer, Inc. (NASDAQ:SMCI)

Norges Bank bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 334,942 shares of the company’s stock, valued at approximately $95,211,000. Norges Bank owned 0.60% of Super Micro Computer as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC lifted its position in Super Micro Computer by 8.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,330 shares of the company’s stock valued at $662,000 after acquiring an additional 176 shares during the period. Independent Advisor Alliance grew its stake in shares of Super Micro Computer by 28.4% in the fourth quarter. Independent Advisor Alliance now owns 18,532 shares of the company’s stock worth $5,268,000 after acquiring an additional 4,097 shares during the last quarter. Securian Asset Management Inc. grew its stake in shares of Super Micro Computer by 2.6% in the fourth quarter. Securian Asset Management Inc. now owns 3,968 shares of the company’s stock worth $1,128,000 after acquiring an additional 100 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Super Micro Computer by 2.5% during the fourth quarter. Financial Advocates Investment Management now owns 2,050 shares of the company’s stock valued at $583,000 after acquiring an additional 50 shares in the last quarter. Finally, Navellier & Associates Inc. raised its position in shares of Super Micro Computer by 18.1% in the 4th quarter. Navellier & Associates Inc. now owns 40,505 shares of the company’s stock worth $11,514,000 after purchasing an additional 6,222 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush increased their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Northland Securities raised their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Bank of America increased their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Susquehanna boosted their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $954.38.

Super Micro Computer Trading Up 4.3 %

Super Micro Computer stock opened at $883.88 on Friday. Super Micro Computer, Inc. has a 52-week low of $192.50 and a 52-week high of $1,229.00. The company has a market cap of $49.44 billion, a P/E ratio of 49.54, a P/E/G ratio of 0.80 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $892.19 and a two-hundred day simple moving average of $647.80.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

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.