Diversify Advisory Services LLC Takes $5.11 Million Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Diversify Advisory Services LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 156,852 shares of the company's stock, valued at approximately $5,113,000.

Other large investors also recently modified their holdings of the company. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Kieckhefer Group LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter worth $43,000. Clean Yield Group bought a new stake in Super Micro Computer during the fourth quarter valued at $46,000. Finally, Resources Management Corp CT ADV boosted its stake in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock valued at $49,000 after buying an additional 30 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SMCI. Loop Capital decreased their target price on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. 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 report on Monday, November 4th. Finally, Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have given 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 stock presently has an average rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Trading Down 1.0 %

Shares of NASDAQ SMCI traded down $0.30 during midday trading on Monday, hitting $30.82. 24,271,941 shares of the company traded hands, compared to its average volume of 36,148,280. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The firm has a market cap of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31. The stock has a 50-day moving average price of $32.59 and a 200 day moving average price of $46.69. 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.