Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by State Street Corp

State Street Corp grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,138,142 shares of the company's stock after acquiring an additional 88,692 shares during the quarter. State Street Corp owned 0.38% of Super Micro Computer worth $890,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Stevens Capital Management LP increased its position in Super Micro Computer by 1,792.9% in the third quarter. Stevens Capital Management LP now owns 8,291 shares of the company's stock worth $3,452,000 after purchasing an additional 7,853 shares during the last quarter. Stifel Financial Corp raised its position in shares of Super Micro Computer by 110.8% during the 3rd quarter. Stifel Financial Corp now owns 36,628 shares of the company's stock valued at $15,252,000 after buying an additional 19,252 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Super Micro Computer in the 3rd quarter valued at about $28,329,000. Royal London Asset Management Ltd. grew its position in Super Micro Computer by 279.8% in the third quarter. Royal London Asset Management Ltd. now owns 29,483 shares of the company's stock worth $12,277,000 after acquiring an additional 21,721 shares in the last quarter. Finally, Needham Investment Management LLC increased its stake in Super Micro Computer by 4.9% during the third quarter. Needham Investment Management LLC now owns 130,750 shares of the company's stock worth $54,444,000 after acquiring an additional 6,050 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 6.8 %

SMCI traded up $2.79 on Friday, hitting $43.93. The company had a trading volume of 102,142,266 shares, compared to its average volume of 112,925,800. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. 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 fifty day moving average price of $36.99 and a 200-day moving average price of $57.56. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Super Micro Computer from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Loop Capital decreased their target price on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, September 23rd. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Wells Fargo & Company reduced 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 note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average 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.