Howard Capital Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Howard Capital Management Inc. acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,131 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares during the period. Rhumbline Advisers grew its holdings in 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 purchasing an additional 885,582 shares during the period. Principal Financial Group Inc. grew its holdings in 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 during the period. Nepsis Inc. purchased a new stake in Super Micro Computer in the fourth quarter valued at approximately $13,625,000. Finally, New York State Teachers Retirement System grew its holdings in 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 during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SMCI shares. The Goldman Sachs Group boosted their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities reiterated an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $60.73.

Super Micro Computer Stock Down 8.0 %

Shares of NASDAQ:SMCI opened at $51.61 on Tuesday. The stock has a market capitalization of $30.22 billion, a price-to-earnings ratio of 25.91 and a beta of 1.30. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company’s fifty day moving average is $35.59 and its two-hundred day moving average is $39.69. 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 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.