Achmea Investment Management B.V. Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Achmea Investment Management B.V. grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,970 shares of the company’s stock after purchasing an additional 13,473 shares during the quarter. Achmea Investment Management B.V.’s holdings in Super Micro Computer were worth $457,000 at the end of the most recent quarter.

A number of other 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 4th quarter valued at $30,000. Trust Co. of Vermont raised its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 7.9 %

NASDAQ SMCI opened at $42.17 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $114.78. The company has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $38.09. 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 firm has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21.

Analyst Upgrades and Downgrades

SMCI has been the topic of several analyst reports. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned 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 $52.57.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company’s stock.

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.