Parcion Private Wealth LLC Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Parcion Private Wealth LLC increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 1,196.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,685 shares of the company's stock after acquiring an additional 8,938 shares during the quarter. Parcion Private Wealth LLC's holdings in Super Micro Computer were worth $295,000 at the end of the most recent quarter.

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

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded down $3.20 on Friday, reaching $56.07. The company's stock had a trading volume of 103,031,428 shares, compared to its average volume of 71,541,281. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. The stock has a 50-day moving average price of $34.83 and a 200-day moving average price of $39.86. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SMCI shares. Northland Securities restated an "outperform" rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Loop Capital boosted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Wedbush raised their target price on Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $60.20.

Super Micro Computer 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.