Oak Thistle LLC Takes $277,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Oak Thistle LLC bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,086 shares of the company’s stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of Super Micro Computer by 101.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,782 shares of the company’s stock valued at $17,028,000 after acquiring an additional 10,469 shares in the last quarter. Edgestream Partners L.P. raised its stake in Super Micro Computer by 417.4% in the second quarter. Edgestream Partners L.P. now owns 2,173 shares of the company’s stock valued at $1,780,000 after purchasing an additional 1,753 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Super Micro Computer by 68.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,394 shares of the company’s stock valued at $4,478,000 after purchasing an additional 2,188 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Super Micro Computer by 9.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,434 shares of the company’s stock worth $1,175,000 after buying an additional 124 shares in the last quarter. Finally, Kentucky Retirement Systems increased its holdings in shares of Super Micro Computer by 2.7% in the 2nd quarter. Kentucky Retirement Systems now owns 3,795 shares of the company’s stock worth $3,109,000 after buying an additional 99 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Loop Capital cut their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Down 1.0 %

NASDAQ SMCI opened at $30.82 on Friday. The stock has a market cap of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The stock has a 50 day simple moving average of $32.46 and a two-hundred day simple moving average of $47.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.