KBC Group NV Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

KBC Group NV boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 472.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,946 shares of the company's stock after purchasing an additional 34,617 shares during the quarter. KBC Group NV's holdings in Super Micro Computer were worth $1,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SMCI. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont increased its holdings in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Super Micro Computer in the 4th quarter worth about $31,000. Kieckhefer Group LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $43,000. Finally, Clean Yield Group bought a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $46,000. Institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Wedbush reissued a "neutral" rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Loop Capital increased their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.89.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded up $2.33 during trading hours on Wednesday, hitting $31.49. The company's stock had a trading volume of 82,805,248 shares, compared to its average volume of 35,809,387. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The business has a 50 day moving average price of $33.57 and a two-hundred day moving average price of $41.89. The company has a market cap of $18.44 billion, a PE ratio of 15.81 and a beta of 1.30.

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.