Advisors Asset Management Inc. Increases Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Advisors Asset Management Inc. increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,618 shares of the company’s stock after buying an additional 478 shares during the quarter. Advisors Asset Management Inc.’s holdings in Super Micro Computer were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farmers & Merchants Investments Inc. grew its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the second quarter worth about $25,000. Hazlett Burt & Watson Inc. grew its position in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter valued at about $42,000. Finally, First PREMIER Bank lifted its position in shares of Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after buying an additional 29 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Barclays decreased their target price 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. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Bank of America downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI opened at $38.41 on Tuesday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The stock’s 50-day simple moving average is $38.08 and its 200 day simple moving average is $60.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 19.28 and a beta of 1.28.

Super Micro Computer Company 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.