Global Retirement Partners LLC Increases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Global Retirement Partners LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,578.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,366 shares of the company’s stock after acquiring an additional 10,689 shares during the quarter. Global Retirement Partners LLC’s holdings in Super Micro Computer were worth $346,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SMCI. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer during the third quarter worth about $87,000. Miller Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $152,000. Archer Investment Corp boosted its position in shares of Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after purchasing an additional 448 shares in the last quarter. TrueWealth Advisors LLC grew its stake in shares of Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after buying an additional 295 shares during the last quarter. Finally, Bell Bank bought a new position in Super Micro Computer during the 3rd quarter valued at approximately $259,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Down 8.0 %

SMCI stock opened at $51.61 on Tuesday. The company has a market cap of $30.22 billion, a price-to-earnings ratio of 25.91 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. The business’s 50-day moving average is $35.59 and its two-hundred day moving average is $39.69. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

Wall Street Analyst Weigh In

Several research firms have commented on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $60.73.

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.