Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,266,040 shares of the company's stock after purchasing an additional 16,007 shares during the period. Geode Capital Management LLC owned approximately 0.23% of Super Micro Computer worth $529,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Byrne Asset Management LLC lifted its holdings in shares of Super Micro Computer by 10.4% during the second quarter. Byrne Asset Management LLC now owns 148 shares of the company's stock worth $132,000 after purchasing an additional 14 shares during the period. Fielder Capital Group LLC lifted its stake in Super Micro Computer by 2.8% during the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company's stock valued at $475,000 after acquiring an additional 16 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock valued at $311,000 after acquiring an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Super Micro Computer by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company's stock worth $3,541,000 after acquiring an additional 19 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Super Micro Computer by 10.6% during the second quarter. First Horizon Advisors Inc. now owns 219 shares of the company's stock worth $179,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

Super Micro Computer stock traded down $1.48 during midday trading on Friday, reaching $36.45. The company had a trading volume of 61,662,262 shares, compared to its average volume of 83,829,242. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a market capitalization of $20.39 billion, a P/E ratio of 18.30 and a beta of 1.29. The firm's fifty day simple moving average is $36.79 and its 200-day simple moving average is $56.10.

Analysts Set New Price Targets

Several equities research analysts have commented on SMCI shares. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 price target on the stock. Barclays lowered their target price on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 2nd. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Cfra reaffirmed a "hold" rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus price target of $66.89.

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.