Super Micro Computer, Inc. (NASDAQ:SMCI) Stake Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 599.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,935 shares of the company's stock after buying an additional 27,367 shares during the period. Vontobel Holding Ltd.'s holdings in Super Micro Computer were worth $973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Super Micro Computer during the third quarter worth about $87,000. Wealth Effects LLC raised its holdings in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company's stock valued at $214,000 after buying an additional 245 shares during the period. Retirement Systems of Alabama lifted its position in Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after acquiring an additional 258 shares in the last quarter. TrueWealth Advisors LLC boosted its holdings in Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company's stock worth $247,000 after acquiring an additional 295 shares during the period. Finally, Miller Wealth Advisors LLC purchased a new position in Super Micro Computer in the 3rd quarter worth approximately $152,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of analyst reports. Northland Securities reissued an "outperform" rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 12th. Loop Capital upped their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped 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, Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.20.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $3.20 on Friday, hitting $56.07. 104,165,992 shares of the stock traded hands, compared to its average volume of 71,845,594. The company's fifty day moving average is $34.83 and its 200 day moving average is $39.86. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. 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 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.