156,852 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 156,852 shares of the company’s stock, valued at approximately $5,113,000.

A number of other institutional investors have also recently made changes to their positions in SMCI. International Assets Investment Management LLC grew its stake in shares of Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares in the last quarter. Annex Advisory Services LLC purchased a new position in Super Micro Computer in the fourth quarter worth about $6,708,000. Bridgewater Associates LP increased its stake in Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Van ECK Associates Corp increased its stake in Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares during the last quarter. Finally, Inspire Investing LLC raised its position in Super Micro Computer by 1,730.3% during the third 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 period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays decreased their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Loop Capital decreased their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Down 1.0 %

Shares of NASDAQ SMCI opened at $30.82 on Monday. The business has a fifty day moving average price of $32.59 and a 200 day moving average price of $46.94. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31.

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.