Nepsis Inc. Invests $13.63 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nepsis Inc. purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 447,030 shares of the company's stock, valued at approximately $13,625,000. Super Micro Computer accounts for approximately 2.0% of Nepsis Inc.'s investment portfolio, making the stock its 16th largest holding. Nepsis Inc. owned approximately 0.08% of Super Micro Computer at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SMCI. Exchange Traded Concepts LLC lifted its position in shares of Super Micro Computer by 215.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,604 shares of the company's stock worth $171,000 after purchasing an additional 3,825 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Super Micro Computer in the 4th quarter valued at about $218,000. Avior Wealth Management LLC increased its position in shares of Super Micro Computer by 761.8% during the fourth quarter. Avior Wealth Management LLC now owns 3,697 shares of the company's stock worth $113,000 after acquiring an additional 3,268 shares during the period. Teamwork Financial Advisors LLC raised its stake in shares of Super Micro Computer by 747.9% during the fourth quarter. Teamwork Financial Advisors LLC now owns 39,480 shares of the company's stock valued at $1,203,000 after acquiring an additional 34,824 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Super Micro Computer by 253.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 69,138 shares of the company's stock valued at $2,107,000 after purchasing an additional 49,603 shares during the period. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded down $0.14 on Friday, hitting $33.27. 31,680,043 shares of the company were exchanged, compared to its average volume of 27,192,070. The firm has a market capitalization of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The stock's 50 day moving average price is $33.83 and its 200 day moving average price is $45.41.

Analysts Set New Price Targets

Several research firms have commented on SMCI. Loop Capital raised their price objective on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday. Barclays lowered their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 2nd. Wedbush reissued a "neutral" rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. The Goldman Sachs Group lowered 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. Finally, StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Three 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. According to data from MarketBeat.com, the company presently has an average 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.