Annex Advisory Services LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Annex Advisory Services LLC purchased a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 220,073 shares of the company's stock, valued at approximately $6,708,000.

A number of other institutional investors also recently modified their holdings of SMCI. State Street Corp grew its position in Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company's stock worth $890,322,000 after purchasing an additional 88,692 shares during the last quarter. Geode Capital Management LLC boosted its stake in Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock valued at $529,753,000 after buying an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company's stock valued at $434,500,000 after acquiring an additional 31,064 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock valued at $381,629,000 after acquiring an additional 915,058 shares during the period. Finally, Bridgewater Associates LP grew its position in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SMCI. Barclays reduced their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Wedbush reiterated a "neutral" rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut 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. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and an average target price of $66.89.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $0.30 during trading on Monday, hitting $30.82. 24,271,941 shares of the stock were exchanged, compared to its average volume of 36,148,280. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The company has a fifty day moving average price of $32.59 and a 200-day moving average price of $46.69. 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 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.