Maryland State Retirement & Pension System Makes New $836,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Maryland State Retirement & Pension System acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 27,424 shares of the company’s stock, valued at approximately $836,000.

A number of other hedge funds also recently made changes to their positions in SMCI. Charles Schwab Investment Management Inc. increased its stake 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 worth $111,287,000 after purchasing an additional 3,309,398 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Super Micro Computer by 798.1% in 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 period. Swiss National Bank increased its stake in Super Micro Computer by 851.9% in 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 in the last quarter. Amundi bought a new stake in Super Micro Computer during the fourth quarter valued at about $41,563,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated 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 over the last three months. 17.60% of the stock is owned by insiders.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $42.15 on Monday. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21. 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 business has a 50 day simple moving average of $38.66 and a 200-day simple moving average of $37.84. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMCI. Northland Securities set a $70.00 target price on Super Micro Computer in a research note on Thursday, March 6th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $53.29.

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.