Royal London Asset Management Ltd. Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Royal London Asset Management Ltd. increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,197 shares of the company’s stock after purchasing an additional 7,714 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Super Micro Computer were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SMCI. Meridian Wealth Management LLC purchased a new position in Super Micro Computer in the 3rd quarter valued at about $270,000. Benjamin Edwards Inc. acquired a new stake in Super Micro Computer during the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $30,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SMCI. Barclays began coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $45.00 in a research report on Friday. Rosenblatt Securities started coverage on Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective for the company. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.00.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $41.72 on Tuesday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $110.61. 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 stock has a market cap of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21. The company has a 50-day moving average price of $38.87 and a two-hundred day moving average price of $37.83.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 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.