Westside Investment Management Inc. Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Westside Investment Management Inc. raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 691.9% in the 4th quarter, Holdings Channel reports. The fund owned 6,050 shares of the company’s stock after acquiring an additional 5,286 shares during the period. Westside Investment Management Inc.’s holdings in Super Micro Computer were worth $184,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $6,708,000. Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $5,113,000. Bridgewater Associates LP grew its holdings in Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. Finally, Van ECK Associates Corp raised its position in Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SMCI shares. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group lowered 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 report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Up 4.3 %

Shares of SMCI stock opened at $33.86 on Thursday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. 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 firm has a fifty day moving average of $33.22 and a 200-day moving average of $45.58. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 17.00 and a beta of 1.31.

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.