Mitsubishi UFJ Asset Management Co. Ltd. Acquires 774,586 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,008.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 851,426 shares of the company’s stock after acquiring an additional 774,586 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Super Micro Computer worth $28,378,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Korea Investment CORP bought a new stake in shares of Super Micro Computer during the fourth quarter worth $5,598,000. Tyler Stone Wealth Management purchased a new stake in Super Micro Computer in the fourth quarter worth about $931,000. Arlington Capital Management Inc. grew its holdings in Super Micro Computer by 843.4% during the 4th quarter. Arlington Capital Management Inc. now owns 52,953 shares of the company’s stock worth $1,614,000 after acquiring an additional 47,340 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in Super Micro Computer by 1,056.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 6,629 shares of the company’s stock valued at $202,000 after purchasing an additional 6,056 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Super Micro Computer by 254.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,808 shares of the company’s stock valued at $238,000 after purchasing an additional 5,604 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SMCI. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Rosenblatt Securities assumed coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 price target for the company. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays started coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price for the company. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.00.

Insider Activity at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $34.26 on Monday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $106.90. The stock has a market cap of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a 50-day moving average of $39.33 and a two-hundred day moving average of $37.72.

About Super Micro Computer

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.