Royal London Asset Management Ltd. Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Royal London Asset Management Ltd. lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 279.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,483 shares of the company's stock after acquiring an additional 21,721 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Super Micro Computer were worth $12,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Needham Investment Management LLC grew its stake in Super Micro Computer by 4.9% in the third quarter. Needham Investment Management LLC now owns 130,750 shares of the company's stock valued at $54,444,000 after purchasing an additional 6,050 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Super Micro Computer by 678.6% during the third quarter. IHT Wealth Management LLC now owns 3,574 shares of the company's stock worth $1,488,000 after buying an additional 3,115 shares during the last quarter. Investment Management Corp of Ontario raised its position in Super Micro Computer by 53.0% during the third quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company's stock worth $721,000 after acquiring an additional 600 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Super Micro Computer during the third quarter worth $906,000. Finally, Janus Henderson Group PLC lifted its stake in Super Micro Computer by 36.0% in the third quarter. Janus Henderson Group PLC now owns 6,560 shares of the company's stock valued at $2,732,000 after acquiring an additional 1,736 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Up 6.8 %

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMCI. Cfra reaffirmed a "hold" rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Loop Capital dropped their price objective on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating for the company in a research report on Wednesday, August 28th. The Goldman Sachs Group decreased their target price on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.