Inspire Investing LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 187.2% during the fourth quarter, Holdings Channel reports. The firm owned 162,445 shares of the company’s stock after buying an additional 105,875 shares during the period. Inspire Investing LLC’s holdings in Super Micro Computer were worth $4,755,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Investment Management Corp of Ontario boosted its holdings in Super Micro Computer by 100.7% during the fourth quarter. Investment Management Corp of Ontario now owns 47,679 shares of the company’s stock valued at $1,396,000 after purchasing an additional 23,928 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Super Micro Computer by 69.2% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 126,919 shares of the company’s stock valued at $3,717,000 after purchasing an additional 51,915 shares in the last quarter. Ballast Financial Advisors LLC acquired a new stake in Super Micro Computer during the fourth quarter valued at approximately $293,000. Freestone Grove Partners LP acquired a new stake in Super Micro Computer during the fourth quarter valued at approximately $927,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in Super Micro Computer during the fourth quarter valued at approximately $4,362,000. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Stock Performance
NASDAQ:SMCI opened at $27.78 on Thursday. Super Micro Computer, Inc. has a 1 year low of $19.48 and a 1 year high of $62.36. The firm has a 50 day moving average of $32.72 and a 200-day moving average of $31.13. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $16.71 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 0.49 and a beta of 1.87.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SMCI shares. Wedbush decreased their price objective on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Rosenblatt Securities lifted their price objective on Super Micro Computer from $32.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. CJS Securities upgraded shares of Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.57.
Get Our Latest Stock Report on SMCI
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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