Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,630 shares of the company’s stock after acquiring an additional 717 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $2,453,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares during the period. William Blair Investment Management LLC purchased a new stake in Super Micro Computer during the 3rd quarter worth approximately $140,751,000. FMR LLC increased its stake in shares of Super Micro Computer by 161.2% in the third quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after buying an additional 295,835 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer in the 3rd quarter worth about $55,943,000. Finally, Ameriprise Financial Inc. raised its stake in Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after buying an additional 165,353 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Susquehanna increased their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Barclays upped their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Rosenblatt Securities increased their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $949.85.

Insider Activity

In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock valued at $30,113,681 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

Super Micro Computer Stock Up 6.3 %

SMCI opened at $761.86 on Wednesday. The company has a market capitalization of $42.61 billion, a PE ratio of 59.47, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The business has a 50-day moving average of $954.67 and a 200-day moving average of $558.04. Super Micro Computer, Inc. has a fifty-two week low of $93.19 and a fifty-two week high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share. Equities research analysts forecast that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

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.