Nomura Asset Management Co. Ltd. Has $24.76 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nomura Asset Management Co. Ltd. raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 658.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,090 shares of the company’s stock after buying an additional 75,600 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.16% of Super Micro Computer worth $24,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMCI. Private Advisor Group LLC bought a new position in Super Micro Computer during the 3rd quarter worth approximately $297,000. Signaturefd LLC boosted its position in shares of Super Micro Computer by 8.0% during the third quarter. Signaturefd LLC now owns 610 shares of the company’s stock worth $167,000 after purchasing an additional 45 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Super Micro Computer by 506.0% in the 3rd 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 stake in shares of Super Micro Computer in the 3rd quarter valued at $5,147,000. Finally, Versor Investments LP acquired a new stake in Super Micro Computer during the 3rd quarter worth $659,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 4.3 %

NASDAQ SMCI traded up $36.50 during trading hours on Friday, hitting $883.88. 6,850,442 shares of the company traded hands, compared to its average volume of 6,226,230. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The business’s 50-day moving average is $892.19 and its 200-day moving average is $647.80. The stock has a market capitalization of $49.44 billion, a price-to-earnings ratio of 49.54, a P/E/G ratio of 0.80 and a beta of 1.34. Super Micro Computer, Inc. has a twelve month low of $192.50 and a twelve month high of $1,229.00.

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

Analysts Set New Price Targets

SMCI has been the subject of several recent analyst reports. Wedbush increased their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Argus started coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective on the stock. Finally, Northland Securities boosted their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $954.38.

Insider Buying and Selling at Super Micro Computer

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