Foundations Investment Advisors LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Foundations Investment Advisors LLC boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,431.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,269 shares of the company's stock after purchasing an additional 30,162 shares during the period. Foundations Investment Advisors LLC's holdings in Super Micro Computer were worth $984,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMCI. State Street Corp raised its position in shares of 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 acquiring an additional 88,692 shares in the last quarter. Geode Capital Management LLC increased its holdings in Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock worth $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake 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 buying an additional 31,064 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after buying an additional 915,058 shares in the last quarter. Finally, Nepsis Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $13,625,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded up $0.84 on Thursday, reaching $28.64. 21,942,946 shares of the company traded hands, compared to its average volume of 32,702,668. The company has a 50 day moving average of $34.01 and a 200 day moving average of $43.48. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The firm has a market capitalization of $16.02 billion, a PE ratio of 14.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SMCI shares. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 2nd. Loop Capital upped their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.89.

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.