Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 945.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,782 shares of the company’s stock after purchasing an additional 53,162 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Super Micro Computer were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in Super Micro Computer in the 3rd quarter worth approximately $87,000. Wealth Effects LLC lifted its stake in shares of Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after purchasing an additional 245 shares during the period. Retirement Systems of Alabama boosted its holdings in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Super Micro Computer by 252.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after buying an additional 268 shares in the last quarter. Finally, CWM LLC increased its holdings in Super Micro Computer by 11.7% in the third quarter. CWM LLC now owns 2,773 shares of the company’s stock valued at $1,155,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of several recent analyst reports. 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 research note on Wednesday, November 6th. Loop Capital raised their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $62.89.

Super Micro Computer Price Performance

SMCI stock opened at $42.65 on Tuesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a market capitalization of $24.97 billion, a PE ratio of 21.41 and a beta of 1.30. 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 business has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $40.74.

About Super Micro Computer

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.