Czech National Bank Increases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Czech National Bank lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 963.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,175 shares of the company's stock after purchasing an additional 98,911 shares during the quarter. Czech National Bank's holdings in Super Micro Computer were worth $3,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Resources Management Corp CT ADV increased its holdings in Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock worth $49,000 after purchasing an additional 30 shares during the period. Clear Point Advisors Inc. increased its stake in shares of Super Micro Computer by 471.4% during the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company's stock worth $66,000 after buying an additional 66 shares during the period. Quarry LP raised its holdings in Super Micro Computer by 5,850.0% in the second quarter. Quarry LP now owns 119 shares of the company's stock valued at $98,000 after acquiring an additional 117 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the third quarter worth approximately $87,000. Finally, Optimist Retirement Group LLC grew its holdings in Super Micro Computer by 27.1% during the 2nd quarter. Optimist Retirement Group LLC now owns 258 shares of the company's stock worth $211,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SMCI. Wedbush reaffirmed a "neutral" rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. The Goldman Sachs Group decreased their price target on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Finally, Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI traded down $0.30 during mid-day trading on Friday, hitting $30.82. 24,271,941 shares of the company's stock were exchanged, compared to its average volume of 30,744,043. The firm has a market capitalization of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The business's 50 day moving average is $32.46 and its two-hundred day moving average is $47.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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.