GPS Wealth Strategies Group LLC Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

GPS Wealth Strategies Group LLC increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 833.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,900 shares of the company’s stock after purchasing an additional 3,482 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Super Micro Computer were worth $119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer during the fourth quarter worth about $31,000. New Wave Wealth Advisors LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $42,000. Finally, Kieckhefer Group LLC purchased a new stake in Super Micro Computer in the fourth quarter valued at approximately $43,000. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SMCI. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $26.85 on Tuesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two 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 market capitalization of $15.72 billion, a price-to-earnings ratio of 13.48 and a beta of 1.30. The stock’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $42.25.

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.