BI Asset Management Fondsmaeglerselskab A S Has $5.23 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 206.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,396 shares of the company's stock after buying an additional 12,384 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Super Micro Computer were worth $5,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the period. Northern Trust Corp raised its stake in shares of Super Micro Computer by 7.4% in the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company's stock valued at $178,520,000 after acquiring an additional 44,678 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Super Micro Computer in the 3rd quarter valued at $140,751,000. FMR LLC lifted its holdings in shares of Super Micro Computer by 161.2% during the 3rd quarter. FMR LLC now owns 479,338 shares of the company's stock valued at $131,444,000 after acquiring an additional 295,835 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Super Micro Computer by 89.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company's stock valued at $96,234,000 after purchasing an additional 165,353 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SMCI shares. Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 target price for the company. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research note on Tuesday, January 30th. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 1st. Finally, KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a "sector weight" rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $954.38.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded up $16.05 during midday trading on Monday, hitting $903.94. The company's stock had a trading volume of 5,350,815 shares, compared to its average volume of 9,126,903. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. Super Micro Computer, Inc. has a 1-year low of $158.26 and a 1-year high of $1,229.00. The firm's fifty day moving average price is $916.64 and its 200-day moving average price is $628.42. The firm has a market cap of $50.56 billion, a P/E ratio of 49.00, a P/E/G ratio of 0.80 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts' consensus estimates of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Super Micro Computer 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 sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 22,113 shares of the company's stock, valued at $19,326,319.74. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

About Super Micro Computer

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.