LJI Wealth Management LLC Buys New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

LJI Wealth Management LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,881 shares of the company’s stock, valued at approximately $1,200,000.

Several other institutional investors have also made changes to their positions in the business. Farmers & Merchants Investments Inc. raised its stake in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. lifted its holdings in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC acquired a new position in Super Micro Computer in the second quarter valued at approximately $42,000. Finally, First PREMIER Bank boosted its stake in Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on SMCI. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the company from $109.00 to $70.00 in a research report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 7th. Mizuho initiated coverage on Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. The Goldman Sachs Group cut their price target on shares of 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. Finally, Wells Fargo & Company reduced their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Up 3.2 %

Super Micro Computer stock traded up $0.57 during midday trading on Friday, reaching $18.58. The stock had a trading volume of 74,025,423 shares, compared to its average volume of 80,554,438. The stock has a market capitalization of $10.39 billion, a P/E ratio of 9.34 and a beta of 1.28. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The firm’s fifty day simple moving average is $39.66 and its 200-day simple moving average is $62.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.