Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by PFG Investments LLC

PFG Investments LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 748.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,023 shares of the company's stock after acquiring an additional 15,898 shares during the period. PFG Investments LLC's holdings in Super Micro Computer were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SMCI. Rakuten Securities Inc. lifted its position in shares of Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company's stock valued at $31,921,000 after buying an additional 61,071 shares in the last quarter. Assetmark Inc. increased its stake in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company's stock worth $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Nepsis Inc. bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $13,625,000. Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after buying an additional 21,997 shares in the last quarter. Finally, Bridgewater Associates LP boosted its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after buying an additional 145,327 shares during the period. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Up 1.6 %

NASDAQ:SMCI traded up $0.44 during midday trading on Thursday, reaching $28.24. 11,155,775 shares of the stock traded hands, compared to its average volume of 32,113,082. The stock has a market capitalization of $15.80 billion, a PE ratio of 14.17 and a beta of 1.31. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a 50-day moving average of $34.01 and a two-hundred day moving average of $43.48.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SMCI shares. Wedbush reaffirmed a "neutral" rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital raised their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. downgraded Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $50.00 to $23.00 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.