Oak Thistle LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,086 shares of the company’s stock, valued at approximately $277,000.
A number of other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after purchasing an additional 145,327 shares during the period. Van ECK Associates Corp raised its holdings in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after buying an additional 124,062 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Super Micro Computer by 1,730.3% during the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after buying an additional 101,552 shares during the period. Finally, Czech National Bank boosted its stake in Super Micro Computer by 963.7% in the 4th quarter. Czech National Bank now owns 109,175 shares of the company’s stock valued at $3,328,000 after buying an additional 98,911 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
Super Micro Computer Trading Down 1.0 %
Shares of NASDAQ SMCI traded down $0.30 during mid-day trading on Friday, hitting $30.82. The company’s stock had a trading volume of 24,271,941 shares, compared to its average volume of 36,148,280. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company’s fifty day simple moving average is $32.59 and its 200-day simple moving average is $47.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush reaffirmed a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Barclays cut their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $66.89.
Get Our Latest Stock Analysis on SMCI
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.
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