Rhumbline Advisers Acquires 885,582 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Rhumbline Advisers grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 897.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 984,305 shares of the company's stock after acquiring an additional 885,582 shares during the quarter. Rhumbline Advisers owned about 0.18% of Super Micro Computer worth $30,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. New Mexico Educational Retirement Board grew its position in Super Micro Computer by 860.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 24,000 shares of the company's stock valued at $732,000 after purchasing an additional 21,500 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock worth $38,000 after buying an additional 825 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Super Micro Computer by 803.1% in the 4th quarter. New York State Teachers Retirement System now owns 409,622 shares of the company's stock worth $12,485,000 after purchasing an additional 364,263 shares in the last quarter. Chevy Chase Trust Holdings LLC purchased a new position in shares of Super Micro Computer in the fourth quarter worth $8,062,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Super Micro Computer by 4,881.1% during the fourth quarter. V Square Quantitative Management LLC now owns 10,012 shares of the company's stock valued at $305,000 after purchasing an additional 9,811 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on SMCI. JPMorgan Chase & Co. lifted their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Northland Securities restated an "outperform" rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Performance

SMCI traded down $3.20 during midday trading on Friday, reaching $56.07. The company had a trading volume of 104,165,992 shares, compared to its average volume of 71,845,594. The business has a 50-day moving average of $34.83 and a two-hundred day moving average of $39.86. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a market cap of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30.

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.