Impact Partnership Wealth LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 17,360 shares of the company’s stock, valued at approximately $832,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in Super Micro Computer by 16.1% in the 2nd quarter. Blue Trust Inc. now owns 1,557 shares of the company’s stock worth $76,000 after purchasing an additional 216 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of Super Micro Computer by 0.9% in the second quarter. Securian Asset Management Inc. now owns 26,834 shares of the company’s stock worth $1,315,000 after buying an additional 246 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Super Micro Computer by 1.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 21,798 shares of the company’s stock valued at $1,068,000 after buying an additional 248 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Super Micro Computer by 1.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,374 shares of the company’s stock valued at $929,000 after buying an additional 266 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Super Micro Computer by 0.9% during the 2nd quarter. DAVENPORT & Co LLC now owns 32,295 shares of the company’s stock worth $1,583,000 after acquiring an additional 297 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
Super Micro Computer Stock Down 3.5%
Shares of NASDAQ SMCI opened at $30.12 on Friday. Super Micro Computer, Inc. has a 52-week low of $25.71 and a 52-week high of $66.44. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 0.64 and a beta of 1.54. The stock has a 50 day moving average price of $31.55 and a 200 day moving average price of $42.01. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.95 and a current ratio of 5.39.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Sanford C. Bernstein dropped their price target on Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group set a $26.00 price objective on shares of Super Micro Computer and gave the stock a “sell” rating in a research note on Tuesday, January 13th. Rosenblatt Securities cut their price target on shares of Super Micro Computer from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Northland Securities set a $63.00 target price on Super Micro Computer in a research report on Wednesday, November 5th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.19.
Read Our Latest Analysis on SMCI
About Super Micro Computer
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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