Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 254.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,634 shares of the company's stock after acquiring an additional 21,997 shares during the period. Sanctuary Advisors LLC's holdings in Super Micro Computer were worth $12,756,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in Super Micro Computer by 83.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,770 shares of the company's stock valued at $16,199,000 after purchasing an additional 8,966 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Super Micro Computer by 55.1% during the 2nd quarter. Blue Trust Inc. now owns 197 shares of the company's stock valued at $161,000 after acquiring an additional 70 shares during the period. Brookstone Capital Management boosted its stake in shares of Super Micro Computer by 71.0% during the 2nd quarter. Brookstone Capital Management now owns 530 shares of the company's stock worth $433,000 after acquiring an additional 220 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Super Micro Computer by 4.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 110,716 shares of the company's stock worth $90,715,000 after acquiring an additional 4,618 shares in the last quarter. Finally, TCW Group Inc. grew its holdings in shares of Super Micro Computer by 3.2% in the 2nd quarter. TCW Group Inc. now owns 12,677 shares of the company's stock worth $10,387,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $1.48 during mid-day trading on Friday, hitting $36.45. 64,847,350 shares of the company's stock traded hands, compared to its average volume of 83,829,242. The firm has a 50 day moving average price of $36.79 and a 200 day moving average price of $56.10. The company has a market cap of $20.39 billion, a PE ratio of 18.32 and a beta of 1.29. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMCI shares. Cfra reaffirmed a "hold" rating and set a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. 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 research note on Monday, November 4th. The Goldman Sachs Group lowered their price objective 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. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their target price for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $66.89.

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.