PFG Investments LLC Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

PFG Investments LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 748.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,023 shares of the company’s stock after purchasing an additional 15,898 shares during the quarter. PFG Investments LLC’s holdings in Super Micro Computer were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter valued at about $30,000. Trust Co. of Vermont increased its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Super Micro Computer during the fourth quarter worth approximately $31,000. Kieckhefer Group LLC acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $43,000. Finally, Clean Yield Group purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at $46,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SMCI shares. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Loop Capital increased their price objective on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $27.80 on Thursday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $34.01 and a 200-day moving average of $43.48. The stock has a market cap of $15.55 billion, a P/E ratio of 13.96 and a beta of 1.31. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90.

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.