Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by First Bank & Trust

First Bank & Trust grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 475.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,589 shares of the company's stock after acquiring an additional 9,574 shares during the period. First Bank & Trust's holdings in Super Micro Computer were worth $353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont grew its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in Super Micro Computer during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. grew its holdings in Super Micro Computer by 203.2% during the 4th 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. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $3.20 during mid-day trading on Friday, hitting $56.07. The stock had a trading volume of 104,209,877 shares, compared to its average volume of 71,855,141. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm has a market cap of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company's 50-day simple moving average is $34.83 and its 200-day simple moving average is $39.86.

Analyst Upgrades and Downgrades

Several research firms have commented on SMCI. JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. Loop Capital upped their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. The Goldman Sachs Group lowered 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 report on Wednesday, November 6th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $60.20.

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.