Rakuten Securities Inc. Purchases 61,071 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Rakuten Securities Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 391.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,660 shares of the company's stock after acquiring an additional 61,071 shares during the quarter. Super Micro Computer makes up approximately 13.9% of Rakuten Securities Inc.'s holdings, making the stock its 2nd biggest holding. Rakuten Securities Inc.'s holdings in Super Micro Computer were worth $31,921,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company's stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. GQG Partners LLC purchased a new stake in Super Micro Computer during the 1st quarter worth $1,325,466,000. International Assets Investment Management LLC increased its stake in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after buying an additional 915,058 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company's stock worth $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Super Micro Computer by 164.8% during 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 during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cfra reiterated a "hold" rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. JPMorgan Chase & Co. downgraded Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 price target for the company. StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Finally, Susquehanna boosted their price objective on Super Micro Computer from $28.50 to $32.50 and gave the company a "negative" rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $66.89.

Super Micro Computer Trading Down 6.2 %

Shares of SMCI traded down $1.43 on Tuesday, reaching $21.80. 31,690,379 shares of the company's stock were exchanged, compared to its average volume of 80,615,547. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $12.19 billion, a P/E ratio of 11.30 and a beta of 1.28. The business has a 50 day moving average price of $41.52 and a two-hundred day moving average price of $64.29. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90.

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.