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

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 956.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,317,018 shares of the company’s stock after acquiring an additional 1,192,366 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Super Micro Computer worth $40,143,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $1,733,000. Financial Advocates Investment Management boosted its stake in Super Micro Computer by 839.9% in the 4th quarter. Financial Advocates Investment Management now owns 11,269 shares of the company’s stock worth $343,000 after purchasing an additional 10,070 shares during the period. State of Alaska Department of Revenue grew its holdings in Super Micro Computer by 877.3% during the 4th quarter. State of Alaska Department of Revenue now owns 57,395 shares of the company’s stock valued at $1,749,000 after buying an additional 51,522 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Super Micro Computer by 253.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,711 shares of the company’s stock valued at $1,494,000 after buying an additional 33,478 shares during the last quarter. Finally, Yorktown Management & Research Co Inc lifted its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Yorktown Management & Research Co Inc now owns 19,950 shares of the company’s stock worth $608,000 after buying an additional 17,955 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 17.6 %

Shares of NASDAQ SMCI opened at $42.65 on Tuesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a 50-day simple moving average of $33.56 and a two-hundred day simple moving average of $40.74. The company has a market cap of $24.97 billion, a P/E ratio of 21.41 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Loop Capital raised their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reduced their price objective 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. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $62.89.

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.