Forsta AP Fonden Invests $3.37 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Forsta AP Fonden purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 110,500 shares of the company’s stock, valued at approximately $3,368,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after buying an additional 31,064 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Super Micro Computer by 63,634.1% during 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 during the period. Finally, Nepsis Inc. acquired a new position in Super Micro Computer in the 4th quarter valued at $13,625,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Down 0.4 %

SMCI stock opened at $28.52 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year 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 business’s 50 day moving average is $33.91 and its 200-day moving average is $42.95. The firm has a market cap of $15.95 billion, a P/E ratio of 14.32 and a beta of 1.31.

Analysts Set New Price Targets

SMCI has been the topic of several research analyst reports. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Loop Capital boosted their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus price target of $62.89.

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.