Rise Advisors LLC Raises Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Rise Advisors LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 909.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,696 shares of the company’s stock after purchasing an additional 1,528 shares during the period. Rise Advisors LLC’s holdings in Super Micro Computer were worth $52,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SMCI. Moser Wealth Advisors LLC purchased a new stake in Super Micro Computer in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the period. Resources Management Corp CT ADV grew its position in Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares during the last quarter. Clear Point Advisors Inc. increased its stake in Super Micro Computer by 471.4% in the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer during the third quarter worth about $87,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMCI. Wedbush restated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Needham & Company LLC started coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Down 2.9 %

SMCI stock traded down $1.04 during midday trading on Tuesday, hitting $35.41. The stock had a trading volume of 23,897,469 shares, compared to its average volume of 34,632,379. The company’s 50-day moving average price is $32.13 and its 200 day moving average price is $50.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $19.81 billion, a PE ratio of 17.78 and a beta of 1.31. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90.

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.