Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,494 shares of the company's stock after buying an additional 12,824 shares during the quarter. Van ECK Associates Corp's holdings in Super Micro Computer were worth $4,496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SMCI. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock valued at $40,143,000 after buying an additional 1,192,366 shares in the last quarter. International Assets Investment Management LLC raised its position in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Nepsis Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth about $13,625,000. Annex Advisory Services LLC purchased a new stake in Super Micro Computer in the 4th quarter worth about $6,708,000. Finally, Diversify Advisory Services LLC purchased a new stake in Super Micro Computer in the 4th quarter worth about $5,113,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Down 5.4 %

Shares of NASDAQ SMCI traded down $3.20 during midday trading on Friday, reaching $56.07. 104,165,992 shares of the company's stock traded hands, compared to its average volume of 71,845,594. 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 stock's 50 day simple moving average is $34.83 and its 200-day simple moving average is $39.86. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of 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. Wedbush increased their price objective 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. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Finally, Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.