PrairieView Partners LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

PrairieView Partners LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,000 shares of the company’s stock, valued at approximately $91,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SMCI. CWM LLC raised its stake in Super Micro Computer by 11.7% during the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after buying an additional 290 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Super Micro Computer by 252.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after acquiring an additional 268 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Super Micro Computer by 276.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after buying an additional 1,307 shares in the last quarter. Creative Planning raised its position in Super Micro Computer by 9.1% during the third quarter. Creative Planning now owns 9,038 shares of the company’s stock valued at $3,763,000 after purchasing an additional 755 shares in the last quarter. Finally, Prospect Financial Services LLC purchased a new stake in Super Micro Computer during the third quarter valued at about $208,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of SMCI opened at $39.68 on Thursday. The firm has a market cap of $23.24 billion, a PE ratio of 19.92 and a beta of 1.30. 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 fifty day simple moving average of $33.48 and a two-hundred day simple moving average of $40.30. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90.

Analyst Ratings Changes

SMCI has been the topic of a number of research reports. Northland Securities restated an “outperform” rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday. The Goldman Sachs Group lowered their price target on 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. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wedbush raised their price objective on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday. Three 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.20.

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.