United Services Automobile Association Invests $349,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

United Services Automobile Association bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, HoldingsChannel reports. The fund bought 11,450 shares of the company’s stock, valued at approximately $349,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $111,287,000 after buying an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp grew its position in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after acquiring an additional 2,616,757 shares during the last quarter. Swiss National Bank raised its stake in shares of Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after acquiring an additional 1,332,400 shares in the last quarter. Finally, Amundi bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $41,563,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of Super Micro Computer 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. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SMCI. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $40.00 to $32.00 in a report on Monday. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their target price for the company from $35.00 to $45.00 in a report on Friday. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $41.72 on Tuesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The stock has a market capitalization of $24.76 billion, a P/E ratio of 20.94 and a beta of 1.21. The company’s 50-day moving average is $38.87 and its 200 day moving average is $37.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.