World Equity Group Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

World Equity Group Inc. bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,540 shares of the company’s stock, valued at approximately $260,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the period. Rhumbline Advisers raised its stake in shares of Super Micro Computer by 897.0% in the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after buying an additional 885,582 shares during the period. Principal Financial Group Inc. grew its position in shares of 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 in the last quarter. Nepsis Inc. purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $13,625,000. Finally, New York State Teachers Retirement System grew its position in shares of Super Micro Computer by 803.1% in the fourth quarter. New York State Teachers Retirement System now owns 409,622 shares of the company’s stock valued at $12,485,000 after purchasing an additional 364,263 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 8.0 %

Shares of NASDAQ SMCI opened at $51.61 on Tuesday. The company has a 50-day moving average of $35.59 and a 200 day moving average of $39.69. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. 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 stock has a market cap of $30.22 billion, a PE ratio of 25.91 and a beta of 1.30.

Analyst Ratings Changes

SMCI has been the subject of several recent analyst reports. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.73.

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.