Prakash Investment Advisors LLC Purchases Shares of 13,660 Super Micro Computer, Inc. (NASDAQ:SMCI)

Prakash Investment Advisors LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,660 shares of the company’s stock, valued at approximately $416,000.

A number of other institutional investors have also made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $30,000. Trust Co. of Vermont increased its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. increased its position in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after acquiring an additional 825 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush lifted their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Loop Capital lifted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Trading Down 1.6 %

NASDAQ SMCI opened at $59.27 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market capitalization of $34.71 billion, a PE ratio of 29.75 and a beta of 1.30. The firm has a 50 day moving average of $34.83 and a two-hundred day moving average of $39.86.

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.