Huntington National Bank Purchases 1,388 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Huntington National Bank increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,261.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,498 shares of the company’s stock after purchasing an additional 1,388 shares during the period. Huntington National Bank’s holdings in Super Micro Computer were worth $46,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after buying an additional 2,616,757 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $33.00 on Tuesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $102.03. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $39.47 and its 200 day simple moving average is $37.25. The firm has a market capitalization of $19.58 billion, a PE ratio of 16.57 and a beta of 1.22.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SMCI shares. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $45.00 in a research report on Friday, March 21st. Barclays began coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $53.00.

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.