Good Life Advisors LLC Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Good Life Advisors LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 643.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,157 shares of the company's stock after acquiring an additional 8,791 shares during the quarter. Good Life Advisors LLC's holdings in Super Micro Computer were worth $310,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont lifted its stake in shares of 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 purchasing an additional 900 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $34,000. Finally, Blue Trust Inc. grew its position in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after purchasing an additional 825 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SMCI shares. JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. 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 on the stock in a research report on Wednesday, November 6th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Loop Capital increased their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $60.20.

Super Micro Computer Stock Down 5.4 %

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

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.