Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,029.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,419,255 shares of the company's stock after acquiring an additional 1,293,647 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.24% of Super Micro Computer worth $43,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SMCI. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at about $635,000. Nepsis Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at approximately $13,625,000. Fifth Third Bancorp lifted its stake in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after buying an additional 11,488 shares in the last quarter. Oak Thistle LLC purchased a new position in Super Micro Computer during the fourth quarter worth $277,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at $5,113,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Up 3.0 %

NASDAQ:SMCI traded up $0.99 during mid-day trading on Friday, hitting $33.72. The company had a trading volume of 37,245,903 shares, compared to its average volume of 71,736,469. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $101.40. The business has a fifty day simple moving average of $36.58 and a 200-day simple moving average of $35.86. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 17.01 and a beta of 1.22.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Rosenblatt Securities restated a "buy" rating and issued a $55.00 price target on shares of Super Micro Computer in a report on Wednesday. Barclays dropped their price objective on shares of Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $48.73.

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.