World Investment Advisors LLC grew its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 13,210.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,969 shares of the company's stock after acquiring an additional 56,541 shares during the quarter. World Investment Advisors LLC's holdings in Super Micro Computer were worth $23,722,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Super Micro Computer by 63,634.1% during the third 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 last quarter. Bridgewater Associates LP raised its stake in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after purchasing an additional 145,327 shares during the last quarter. Van ECK Associates Corp raised its position in Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock worth $56,077,000 after acquiring an additional 124,062 shares in the last quarter. American Century Companies Inc. raised its position in Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company's stock worth $108,035,000 after acquiring an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC raised its position in Super Micro Computer by 1,730.3% in the third quarter. Inspire Investing LLC now owns 107,421 shares of the company's stock worth $44,730,000 after acquiring an additional 101,552 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Trading Up 6.8 %
Shares of NASDAQ SMCI traded up $2.79 during midday trading on Friday, hitting $43.93. The stock had a trading volume of 102,142,266 shares, compared to its average volume of 112,925,800. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. 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 fifty day moving average price of $36.99 and a 200 day moving average price of $57.56.
Analyst Ratings Changes
SMCI has been the subject of several research analyst reports. Loop Capital cut their price objective on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a research report on Monday, September 23rd. Barclays cut their price objective on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 2nd. Cfra reiterated a "hold" rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Mizuho began coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 price target for the company. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average target price of $66.89.
Check Out Our Latest Research Report on SMCI
About Super Micro Computer
(
Free Report)
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.
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