Super Micro Computer, Inc. (NASDAQ:SMCI) is Herald Investment Management Ltd's 4th Largest Position

Herald Investment Management Ltd boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 772.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 754,500 shares of the company's stock after buying an additional 668,050 shares during the period. Super Micro Computer accounts for approximately 3.8% of Herald Investment Management Ltd's holdings, making the stock its 4th largest holding. Herald Investment Management Ltd owned approximately 0.13% of Super Micro Computer worth $23,005,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the period. FMR LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $292,869,000. Invesco Ltd. lifted its position in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Super Micro Computer by 416,945.0% in the fourth quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock valued at $114,404,000 after acquiring an additional 3,752,505 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average target price of $52.57.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was 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 owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.

Super Micro Computer Stock Performance

SMCI traded up $1.31 during trading hours on Tuesday, hitting $30.82. The company's stock had a trading volume of 16,669,856 shares, compared to its average volume of 72,516,105. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The company has a 50-day simple moving average of $39.53 and a 200 day simple moving average of $36.42. The firm has a market capitalization of $18.29 billion, a PE ratio of 15.47 and a beta of 1.22.

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.