CIBC Asset Management Inc Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

CIBC Asset Management Inc grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 357.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,430 shares of the company’s stock after purchasing an additional 61,298 shares during the quarter. CIBC Asset Management Inc’s holdings in Super Micro Computer were worth $2,391,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Super Micro Computer by 887.7% in the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock valued at $19,060,000 after purchasing an additional 562,029 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Super Micro Computer by 900.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 194,950 shares of the company’s stock valued at $5,942,000 after buying an additional 175,455 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Super Micro Computer by 646.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,222 shares of the company’s stock valued at $220,000 after acquiring an additional 6,254 shares during the last quarter. Tcfg Wealth Management LLC purchased a new position in shares of Super Micro Computer during the 4th quarter worth about $383,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $1,733,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI opened at $56.07 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $35.23 and a 200 day simple moving average of $39.97.

Wall Street Analyst Weigh In

SMCI has been the subject of several research analyst reports. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective 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. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Finally, Northland Securities reissued an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.20.

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.