Oak Thistle LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Oak Thistle LLC purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,086 shares of the company's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth about $30,000. Kieckhefer Group LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $43,000. Clean Yield Group bought a new stake in Super Micro Computer during the 4th quarter valued at approximately $46,000. Resources Management Corp CT ADV lifted its holdings in Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock worth $49,000 after purchasing an additional 30 shares in the last quarter. Finally, Rise Advisors LLC boosted its stake 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 purchasing an additional 1,528 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMCI. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group reduced 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 report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $66.89.

Super Micro Computer Stock Down 1.0 %

Super Micro Computer stock traded down $0.30 during trading hours on Friday, reaching $30.82. The stock had a trading volume of 24,271,941 shares, compared to its average volume of 36,148,280. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The business's 50 day moving average price is $32.59 and its 200-day moving average price is $47.18. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. 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 Company 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.