BI Asset Management Fondsmaeglerselskab A S Has $3.23 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

BI Asset Management Fondsmaeglerselskab A S boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 7,914.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,796 shares of the company's stock after buying an additional 104,476 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Super Micro Computer were worth $3,225,000 as of its most recent filing with the SEC.

• MarketBeat Week in Review – 03/24 - 03/28

A number of other large investors have also recently bought and sold shares of the company. World Investment Advisors LLC boosted its position in Super Micro Computer by 13,210.5% during the third quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock valued at $23,722,000 after purchasing an additional 56,541 shares during the last quarter. Tidal Investments LLC lifted its stake in Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock valued at $20,968,000 after purchasing an additional 29,697 shares during the last quarter. Synovus Financial Corp bought a new position in Super Micro Computer during the third quarter worth about $443,000. GAMMA Investing LLC increased its position in Super Micro Computer by 1,160.6% during the fourth quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock worth $193,000 after buying an additional 5,838 shares during the last quarter. Finally, Everence Capital Management Inc. raised its stake in Super Micro Computer by 1,366.0% in the fourth quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock valued at $474,000 after buying an additional 14,480 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Buying and Selling

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. 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 the business's stock in a transaction on 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 have sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. Insiders own 17.60% of the company's stock.

Analyst Upgrades and Downgrades

• Super Micro Stock: $7.2M Call Options Signal Big Upside Potential

SMCI has been the subject of a number of research reports. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $52.57.

Read Our Latest Stock Analysis on Super Micro Computer

Super Micro Computer Stock Performance

• MarketBeat Week in Review – 03/17 - 03/21

Shares of Super Micro Computer stock opened at $31.50 on Monday. The company's 50 day moving average price is $39.73 and its two-hundred day moving average price is $36.50. The firm has a market capitalization of $18.69 billion, a P/E ratio of 15.81 and a beta of 1.22. 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, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.

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.

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