Fifth Third Bancorp Increases Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Fifth Third Bancorp raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,476.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,266 shares of the company's stock after buying an additional 11,488 shares during the quarter. Fifth Third Bancorp's holdings in Super Micro Computer were worth $374,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont raised its stake in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $43,000. Clean Yield Group purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $46,000. Finally, Rise Advisors LLC increased its holdings in Super Micro Computer by 909.5% in the 4th quarter. Rise Advisors LLC now owns 1,696 shares of the company's stock worth $52,000 after buying an additional 1,528 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Shares of SMCI traded down $1.67 during mid-day trading on Monday, reaching $26.85. The stock had a trading volume of 41,087,077 shares, compared to its average volume of 33,192,949. The business has a fifty day moving average of $33.91 and a 200 day moving average of $42.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 13.48 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

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Analyst Ratings Changes

SMCI has been the topic of several research analyst reports. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. downgraded shares of 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 report on Wednesday, November 6th. Loop Capital lifted their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased 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 note on Wednesday, November 6th. Finally, Wedbush restated a "neutral" rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.89.

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.