Clear Creek Financial Management LLC Takes $635,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,826 shares of the company's stock, valued at approximately $635,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust bought a new position in Super Micro Computer during the 3rd quarter valued at approximately $87,000. Anchor Investment Management LLC increased its holdings in shares of Super Micro Computer by 13.7% in the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock worth $265,000 after purchasing an additional 39 shares in the last quarter. Miller Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth $152,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Super Micro Computer by 252.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company's stock worth $156,000 after purchasing an additional 268 shares in the last quarter. Finally, Prospect Financial Services LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth $208,000. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMCI shares. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Loop Capital lifted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Wedbush reissued a "neutral" rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $62.89.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $1.36 on Monday, hitting $27.16. 32,114,642 shares of the company traded hands, compared to its average volume of 32,932,293. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 13.62 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 business's 50 day moving average price is $33.91 and its 200-day moving average price is $42.64. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90.

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.