Global Retirement Partners LLC Buys 10,689 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Global Retirement Partners LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,578.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the company’s stock after buying an additional 10,689 shares during the period. Global Retirement Partners LLC’s holdings in Super Micro Computer were worth $346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its stake in Super Micro Computer by 160.7% in the third quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock valued at $3,040,000 after acquiring an additional 4,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Super Micro Computer by 183.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,233 shares of the company’s stock worth $5,554,000 after purchasing an additional 8,572 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Super Micro Computer during the 3rd quarter valued at about $289,000. PFG Investments LLC raised its holdings in shares of Super Micro Computer by 73.8% during the 3rd quarter. PFG Investments LLC now owns 2,125 shares of the company’s stock valued at $885,000 after buying an additional 902 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Super Micro Computer by 45.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock worth $1,456,000 after buying an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors 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 firm has a fifty day simple moving average of $35.59 and a two-hundred day simple 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 firm has a market capitalization of $30.22 billion, a PE ratio of 25.91 and a beta of 1.30.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $60.73.

Super Micro Computer Company 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.