PNC Financial Services Group Inc. Buys 31,074 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

PNC Financial Services Group Inc. raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 338.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,248 shares of the company’s stock after purchasing an additional 31,074 shares during the period. PNC Financial Services Group Inc.’s holdings in Super Micro Computer were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 3,309,398 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after acquiring an additional 2,616,757 shares during the period. State Street Corp boosted its stake in shares of Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after acquiring an additional 88,692 shares during the period. 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. Finally, Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock worth $529,753,000 after acquiring an additional 16,007 shares during the period. Institutional investors own 84.06% of the company’s stock.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 67,403,640 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of recent analyst reports. StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Trading Up 7.9 %

Shares of NASDAQ SMCI opened at $42.17 on Monday. 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 business’s 50 day moving average price is $38.01 and its 200-day moving average price is $37.98. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $114.78. The company has a market cap of $25.03 billion, a price-to-earnings ratio of 21.17 and a beta of 1.21.

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.