Royal London Asset Management Ltd. Has $1.13 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Royal London Asset Management Ltd. lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.2% in the 4th quarter, Holdings Channel reports. The fund owned 37,197 shares of the company’s stock after buying an additional 7,714 shares during the period. Royal London Asset Management Ltd.’s holdings in Super Micro Computer were worth $1,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMCI. Harvest Fund Management Co. Ltd lifted its holdings in shares of Super Micro Computer by 30.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,486 shares of the company’s stock valued at $136,000 after purchasing an additional 1,040 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in Super Micro Computer in the 4th quarter worth about $43,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Super Micro Computer by 370.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 9,530 shares of the company’s stock worth $305,000 after acquiring an additional 7,504 shares during the period. Maryland State Retirement & Pension System purchased a new position in Super Micro Computer during the 4th quarter valued at about $836,000. Finally, Xponance Inc. lifted its position in shares of Super Micro Computer by 980.2% in the fourth quarter. Xponance Inc. now owns 122,053 shares of the company’s stock worth $3,720,000 after purchasing an additional 110,754 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SMCI shares. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $45.00 in a report on Friday. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Down 1.0 %

SMCI stock opened at $41.72 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a 50-day moving average of $38.87 and a two-hundred day moving average of $37.83. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 20.94 and a beta of 1.21. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by company insiders.

Super Micro Computer Company 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.