Prakash Investment Advisors LLC Invests $416,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Prakash Investment Advisors LLC acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel reports. The fund acquired 13,660 shares of the company’s stock, valued at approximately $416,000.

Several other institutional investors have also modified their holdings of the stock. State Street Corp lifted its position in shares of Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after buying an additional 88,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares during the last quarter. Geode Capital Management LLC raised its position in Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Super Micro Computer by 897.0% in the 4th quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after purchasing an additional 885,582 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $59.27 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. 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 market cap of $34.71 billion, a PE ratio of 29.75 and a beta of 1.30. The firm’s fifty day simple moving average is $34.83 and its 200-day simple moving average is $39.86.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities reiterated an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Loop Capital upped their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Wedbush upped their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer 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.