STF Management LP Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

STF Management LP bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,460 shares of the company’s stock, valued at approximately $3,523,000. Super Micro Computer makes up about 1.6% of STF Management LP’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. raised its holdings in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at $42,000. Finally, First PREMIER Bank raised its holdings 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 valued at $43,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SMCI shares. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Loop Capital dropped their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Cfra reiterated a “hold” rating and issued a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Up 13.8 %

Shares of NASDAQ SMCI opened at $29.37 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a market cap of $16.42 billion, a PE ratio of 14.74 and a beta of 1.28. 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 company has a 50-day moving average of $38.45 and a two-hundred day moving average of $61.16.

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.