Sumitomo Mitsui Trust Group Inc. Buys 1,192,366 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui Trust Group Inc. increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 956.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,317,018 shares of the company’s stock after buying an additional 1,192,366 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Super Micro Computer were worth $40,143,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Super Micro Computer by 11.7% during the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after acquiring an additional 290 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Super Micro Computer by 252.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after purchasing an additional 268 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Super Micro Computer by 276.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after purchasing an additional 1,307 shares during the period. Polianta Ltd raised its position in Super Micro Computer by 100.0% during the 3rd quarter. Polianta Ltd now owns 2,600 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Super Micro Computer by 9.1% in the 3rd quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after buying an additional 755 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. The Goldman Sachs Group cut their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their target price for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Trading Up 17.6 %

Super Micro Computer stock opened at $42.65 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market cap of $24.97 billion, a PE ratio of 21.41 and a beta of 1.30. The stock has a 50-day moving average of $33.56 and a two-hundred day moving average of $40.74. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90.

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.