Newbridge Financial Services Group Inc. Purchases 5,848 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Newbridge Financial Services Group Inc. increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,491.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,240 shares of the company’s stock after purchasing an additional 5,848 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Super Micro Computer were worth $190,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Super Micro Computer by 11.7% in the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after buying an additional 290 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in 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 acquiring an additional 268 shares in the last quarter. Octavia Wealth Advisors LLC increased its stake in Super Micro Computer by 176.6% during the third quarter. Octavia Wealth Advisors LLC now owns 708 shares of the company’s stock worth $295,000 after acquiring an additional 452 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in Super Micro Computer during the third quarter valued at approximately $2,783,000. Finally, Inspire Investing LLC lifted its stake in shares of Super Micro Computer by 1,730.3% in the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after purchasing an additional 101,552 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. 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 for the company in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.89.

Super Micro Computer Stock Performance

SMCI stock opened at $36.28 on Monday. 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 business has a 50-day moving average price of $33.55 and a 200 day moving average price of $40.94. The company has a market capitalization of $21.24 billion, a P/E ratio of 18.21 and a beta of 1.30.

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.