Comprehensive Financial Planning Inc. PA Purchases New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Comprehensive Financial Planning Inc. PA acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,116 shares of the company’s stock, valued at approximately $125,000.

Several other large investors also recently made changes to their positions in SMCI. Emerald Mutual Fund Advisers Trust purchased a new stake in Super Micro Computer during the 3rd quarter worth $87,000. Miller Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the third quarter worth about $152,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Super Micro Computer by 252.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after buying an additional 268 shares during the period. Prospect Financial Services LLC acquired a new stake in shares of Super Micro Computer in the third quarter valued at about $208,000. Finally, Wealth Effects LLC raised its holdings in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of analyst reports. Loop Capital upped their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.89.

Super Micro Computer Stock Up 7.2 %

SMCI stock opened at $36.28 on Monday. The firm has a fifty day moving average price of $33.55 and a two-hundred day moving average price of $40.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 18.21 and a beta of 1.30.

Super Micro Computer Profile

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.