Thrivent Financial for Lutherans Purchases New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Thrivent Financial for Lutherans acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,264 shares of the company’s stock, valued at approximately $1,007,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after purchasing an additional 197,980 shares in the last quarter. BlackRock Inc. raised its stake in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after acquiring an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Super Micro Computer by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,248 shares of the company’s stock worth $107,014,000 after purchasing an additional 95,215 shares during the last quarter. State Street Corp boosted its position in Super Micro Computer by 3.7% during the third quarter. State Street Corp now owns 916,541 shares of the company’s stock worth $50,474,000 after purchasing an additional 32,533 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Super Micro Computer by 12.3% during the third quarter. Nuveen Asset Management LLC now owns 617,879 shares of the company’s stock valued at $34,027,000 after purchasing an additional 67,674 shares during the last quarter. 73.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com began coverage on shares of Super Micro Computer in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Loop Capital lifted their price objective on Super Micro Computer from $100.00 to $150.00 in a research note on Wednesday, May 3rd. Northland Securities increased their target price on Super Micro Computer from $175.00 to $200.00 in a research note on Wednesday, May 3rd. Wedbush reaffirmed an “underperform” rating and issued a $65.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 3rd. Finally, Susquehanna increased their price objective on Super Micro Computer from $69.00 to $90.00 in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $112.00.

Insider Activity

In related news, Director Shiu Leung Chan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average price of $133.09 per share, with a total value of $133,090.00. Following the purchase, the director now directly owns 30,000 shares in the company, valued at $3,992,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Shiu Leung Chan acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average cost of $133.09 per share, with a total value of $133,090.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $3,992,700. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP George Kao sold 553 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $135.19, for a total transaction of $74,760.07. Following the completion of the sale, the senior vice president now directly owns 7,239 shares in the company, valued at approximately $978,640.41. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company’s stock.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $161.91 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $37.01 and a twelve month high of $171.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.08 and a current ratio of 2.49. The firm has a market cap of $8.50 billion, a P/E ratio of 15.25 and a beta of 1.25. The firm’s 50-day simple moving average is $117.06 and its 200-day simple moving average is $96.75.

Super Micro Computer Profile

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.