Strategic Financial Concepts LLC Purchases New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Strategic Financial Concepts LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 56,845 shares of the company’s stock, valued at approximately $1,733,000.

A number of other institutional investors also recently bought and sold shares of SMCI. State Street Corp raised its stake in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after purchasing an additional 31,064 shares in the last quarter. International Assets Investment Management LLC lifted its position in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares during the period. Finally, Nepsis Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at approximately $13,625,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Loop Capital raised their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Argus cut 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 decreased their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $42.65 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $24.97 billion, a price-to-earnings ratio of 21.41 and a beta of 1.30. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The business has a fifty day moving average of $33.56 and a 200-day moving average of $40.74.

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.