Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 164.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,333 shares of the company's stock after purchasing an additional 93,569 shares during the period. Assetmark Inc.'s holdings in Super Micro Computer were worth $62,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Super Micro Computer during the first quarter worth about $98,000. Vanguard Group Inc. increased its stake in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company's stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Super Micro Computer by 168.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company's stock worth $59,180,000 after buying an additional 36,795 shares during the period. SG Americas Securities LLC increased its stake in shares of Super Micro Computer by 24.8% during the second quarter. SG Americas Securities LLC now owns 15,432 shares of the company's stock worth $12,644,000 after buying an additional 3,064 shares during the period. Finally, SlateStone Wealth LLC purchased a new stake in shares of Super Micro Computer during the second quarter worth approximately $683,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent research reports. Mizuho initiated coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a "neutral" rating and a $45.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a "buy" rating and a $60.00 target price on the stock. Loop Capital cut their target price on shares of 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. Susquehanna upped their price target on Super Micro Computer from $28.50 to $32.50 and gave the company a "negative" rating in a report on Monday, July 15th. Finally, Wells Fargo & Company lowered their price target on Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating for the company in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Price Performance

NASDAQ:SMCI traded down $0.96 during trading hours on Friday, hitting $24.52. The company's stock had a trading volume of 60,549,560 shares, compared to its average volume of 80,882,703. The business's 50-day moving average is $41.93 and its two-hundred day moving average is $64.79. The company has a market capitalization of $13.71 billion, a PE ratio of 12.31 and a beta of 1.28. 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 52-week low of $20.20 and a 52-week high of $122.90.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). The business had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company's revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

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.