Brookstone Capital Management Has $213,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Brookstone Capital Management raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 930.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,995 shares of the company’s stock after acquiring an additional 6,316 shares during the period. Brookstone Capital Management’s holdings in Super Micro Computer were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SMCI. Resources Management Corp CT ADV increased its position in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the period. Rise Advisors LLC boosted its stake in Super Micro Computer by 909.5% during the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock worth $52,000 after buying an additional 1,528 shares in the last quarter. Clear Point Advisors Inc. increased its holdings in Super Micro Computer by 471.4% in the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after buying an additional 66 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at $87,000. Finally, Quarry LP lifted its holdings in shares of Super Micro Computer by 5,850.0% during the 2nd quarter. Quarry LP now owns 119 shares of the company’s stock worth $98,000 after acquiring an additional 117 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $30.82 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The stock’s 50-day moving average is $32.59 and its 200-day moving average is $46.94.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target 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. Wedbush reissued a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital decreased their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $66.89.

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.