20,826 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC purchased a new stake in shares of 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 firm purchased 20,826 shares of the company's stock, valued at approximately $635,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth about $42,000. Defender Capital LLC. acquired a new position in shares of Super Micro Computer during the 4th quarter valued at $305,000. Forsta AP Fonden acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $3,368,000. Griffin Asset Management Inc. bought a new position in Super Micro Computer during the fourth quarter valued at about $931,000. Finally, Foundations Investment Advisors LLC grew its position in Super Micro Computer by 1,431.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 32,269 shares of the company's stock worth $984,000 after buying an additional 30,162 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Up 7.3 %

Shares of Super Micro Computer stock traded up $2.14 on Wednesday, hitting $31.30. The company had a trading volume of 67,856,030 shares, compared to its average volume of 35,107,883. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 15.71 and a beta of 1.30. 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, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The stock has a 50 day moving average of $33.57 and a 200-day moving average of $41.89.

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Wall Street Analyst Weigh In

SMCI has been the subject of several recent research reports. Loop Capital increased their price objective on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Wedbush restated a "neutral" rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.89.

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.