Prakash Investment Advisors LLC Acquires New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Prakash Investment Advisors LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,660 shares of the company's stock, valued at approximately $416,000.

Several other large investors also recently modified their holdings of the business. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in Super Micro Computer in the fourth quarter worth about $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after buying an additional 825 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Northland Securities reaffirmed an "outperform" rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Loop Capital lifted their price target on Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. Wedbush boosted their target price on Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Trading Down 5.4 %

NASDAQ SMCI traded down $3.20 on Friday, hitting $56.07. 104,209,877 shares of the stock were exchanged, compared to its average volume of 71,855,141. 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. The company has a market capitalization of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30. The company's 50-day moving average price is $34.83 and its two-hundred day moving average price is $39.86.

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.