PrairieView Partners LLC Takes $91,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

PrairieView Partners LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,000 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds also recently bought and sold shares of SMCI. CWM LLC boosted its holdings in Super Micro Computer by 11.7% in the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after buying an additional 290 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Super Micro Computer by 252.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after buying an additional 268 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Super Micro Computer by 276.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after buying an additional 1,307 shares during the period. Creative Planning lifted its stake in Super Micro Computer by 9.1% in the 3rd quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after purchasing an additional 755 shares in the last quarter. Finally, Prospect Financial Services LLC purchased a new stake in Super Micro Computer in the 3rd quarter worth $208,000. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SMCI. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Loop Capital boosted their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush upped their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Price Performance

Shares of SMCI opened at $39.68 on Thursday. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $33.48 and a two-hundred day moving average of $40.30.

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.