Allworth Financial LP Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Allworth Financial LP 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,951 shares of the company's stock, valued at approximately $1,116,000.

Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. grew its position in Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Down 5.4 %

Shares of Super Micro Computer stock traded down $3.20 on Friday, hitting $56.07. 76,277,724 shares of the company traded hands, compared to its average volume of 70,938,047. The stock's 50 day moving average price is $34.83 and its 200-day moving average price is $39.86. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a market cap of $32.83 billion, a PE ratio of 28.08 and a beta of 1.30.

Analysts Set New Price Targets

SMCI has been the subject of several recent research reports. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on 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. Northland Securities reiterated an "outperform" rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Finally, Wedbush lifted their price target on Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.20.

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.