Financial Advocates Investment Management Acquires 10,070 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Financial Advocates Investment Management grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 839.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,269 shares of the company’s stock after purchasing an additional 10,070 shares during the quarter. Financial Advocates Investment Management’s holdings in Super Micro Computer were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SMCI. Rakuten Securities Inc. boosted its stake in Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares in the last quarter. Assetmark Inc. boosted its position in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at about $635,000. Nepsis Inc. bought a new stake in Super Micro Computer in the 4th quarter valued at about $13,625,000. Finally, Sanctuary Advisors LLC raised its stake in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $36.28 on Monday. The company has a market capitalization of $21.24 billion, a PE ratio of 18.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a 50-day simple moving average of $33.55 and a 200 day simple moving average of $40.94.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Loop Capital boosted their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered shares of 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. The Goldman Sachs Group decreased 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. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Company 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.