Prairiewood Capital LLC Purchases Shares of 15,000 Super Micro Computer, Inc. (NASDAQ:SMCI)

Prairiewood Capital LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMCI. Rakuten Securities Inc. grew its holdings in shares of Super Micro Computer by 391.8% in 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 during the period. Assetmark Inc. increased its position in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company's stock worth $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after acquiring an additional 21,997 shares during the last quarter. Bridgewater Associates LP lifted its stake in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock valued at $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Super Micro Computer in the 4th quarter valued at about $277,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMCI. The Goldman Sachs Group cut their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Loop Capital reduced their target price on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. Wedbush reaffirmed a "neutral" rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Barclays cut their target price 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Trading Up 5.3 %

Shares of SMCI traded up $1.63 during mid-day trading on Tuesday, reaching $32.45. 39,342,505 shares of the company were exchanged, compared to its average volume of 31,432,652. The business has a 50 day simple moving average of $32.74 and a two-hundred day simple moving average of $46.31. 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 stock has a market capitalization of $18.15 billion, a PE ratio of 16.29 and a beta of 1.31. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90.

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.