Westfield Capital Management Co. LP bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 359,439 shares of the company’s stock, valued at approximately $17,231,000. Westfield Capital Management Co. LP owned approximately 0.06% of Super Micro Computer as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in SMCI. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 68,848,777 shares of the company’s stock worth $3,300,610,000 after purchasing an additional 2,695,829 shares in the last quarter. Geode Capital Management LLC raised its position in Super Micro Computer by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 13,752,581 shares of the company’s stock worth $671,316,000 after buying an additional 364,411 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Super Micro Computer by 16.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock valued at $476,905,000 after acquiring an additional 1,381,046 shares during the period. Invesco Ltd. boosted its holdings in shares of Super Micro Computer by 31.6% during the 2nd quarter. Invesco Ltd. now owns 8,639,784 shares of the company’s stock valued at $423,436,000 after acquiring an additional 2,073,978 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Super Micro Computer by 5.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,971,739 shares of the company’s stock worth $194,655,000 after acquiring an additional 200,109 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Price Performance
NASDAQ SMCI opened at $32.28 on Friday. The business’s fifty day moving average is $30.94 and its 200 day moving average is $38.96. Super Micro Computer, Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $62.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.70. The company has a market capitalization of $19.34 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 0.65 and a beta of 1.53.
Analysts Set New Price Targets
Several brokerages recently issued reports on SMCI. JPMorgan Chase & Co. dropped their target price on shares of Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group increased their price target on Super Micro Computer from $26.00 to $27.00 and gave the company a “sell” rating in a report on Wednesday, February 4th. Raymond James Financial dropped their price target on Super Micro Computer from $50.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Argus set a $64.00 price objective on Super Micro Computer in a research report on Thursday, November 6th. Finally, Northland Securities set a $63.00 target price on Super Micro Computer in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.43.
Check Out Our Latest Report on Super Micro Computer
Super Micro Computer Company Profile
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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