State of New Jersey Common Pension Fund D Buys 175,455 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

State of New Jersey Common Pension Fund D boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 900.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,950 shares of the company's stock after purchasing an additional 175,455 shares during the period. State of New Jersey Common Pension Fund D's holdings in Super Micro Computer were worth $5,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Super Micro Computer in the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at $34,000. Finally, Blue Trust Inc. lifted its position in shares of Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after acquiring an additional 825 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $3.20 on Friday, reaching $56.07. The stock had a trading volume of 104,209,877 shares, compared to its average volume of 71,855,141. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The stock has a market cap of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. The business's 50-day moving average price is $34.83 and its two-hundred day moving average price is $39.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent research reports. Loop Capital lifted their target price on Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price objective on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Northland Securities reiterated an "outperform" rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Wedbush lifted their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $60.20.

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.