Rise Advisors LLC Grows Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Rise Advisors LLC lifted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 909.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,696 shares of the company’s stock after acquiring an additional 1,528 shares during the quarter. Rise Advisors LLC’s holdings in Super Micro Computer were worth $52,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. Resources Management Corp CT ADV boosted its stake in shares of Super Micro Computer by 100.0% in 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. Clear Point Advisors Inc. grew its holdings in Super Micro Computer by 471.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Super Micro Computer during the 3rd quarter worth $87,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded down $1.04 during mid-day trading on Tuesday, reaching $35.41. 23,897,469 shares of the company traded hands, compared to its average volume of 34,632,379. The firm has a market cap of $19.81 billion, a PE ratio of 17.78 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The stock has a fifty day simple moving average of $32.13 and a 200-day simple moving average of $50.08.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Needham & Company LLC began coverage on Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Loop Capital reduced their price objective on shares of 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. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.89.

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.