Nomura Asset Management Co. Ltd. Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nomura Asset Management Co. Ltd. lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 658.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,090 shares of the company’s stock after purchasing an additional 75,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Super Micro Computer were worth $24,756,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SMCI. Private Advisor Group LLC purchased a new position in Super Micro Computer during the 3rd quarter valued at about $297,000. Signaturefd LLC grew its position in shares of Super Micro Computer by 8.0% in the 3rd quarter. Signaturefd LLC now owns 610 shares of the company’s stock worth $167,000 after buying an additional 45 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Super Micro Computer by 506.0% during the third quarter. Victory Capital Management Inc. now owns 66,846 shares of the company’s stock valued at $18,331,000 after buying an additional 55,816 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Super Micro Computer during the third quarter valued at approximately $5,147,000. Finally, Versor Investments LP purchased a new stake in Super Micro Computer in the third quarter worth $659,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMCI has been the subject of several research reports. Loop Capital upped their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Bank of America increased their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Wells Fargo & Company lowered their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group reduced their target price on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Finally, Argus assumed coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Stock Up 4.3 %

NASDAQ:SMCI traded up $36.50 on Friday, reaching $883.88. 6,850,442 shares of the stock traded hands, compared to its average volume of 6,226,230. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $49.44 billion, a price-to-earnings ratio of 49.54, a PEG ratio of 0.80 and a beta of 1.34. Super Micro Computer, Inc. has a 12 month low of $192.50 and a 12 month high of $1,229.00. The company’s fifty day simple moving average is $892.19 and its 200 day simple moving average is $647.80.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Equities analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. 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.