Howard Capital Management Inc. Invests $309,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Howard Capital Management Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, Holdings Channel reports. The fund bought 10,131 shares of the company’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SMCI. Louisiana State Employees Retirement System grew its position in Super Micro Computer by 160.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock valued at $3,040,000 after buying an additional 4,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Super Micro Computer by 183.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,233 shares of the company’s stock valued at $5,554,000 after buying an additional 8,572 shares in the last quarter. Arkadios Wealth Advisors bought a new position in Super Micro Computer in the 3rd quarter valued at about $289,000. PFG Investments LLC grew its position in Super Micro Computer by 73.8% in the 3rd quarter. PFG Investments LLC now owns 2,125 shares of the company’s stock valued at $885,000 after buying an additional 902 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Super Micro Computer by 45.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock valued at $1,456,000 after buying an additional 1,097 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $60.73.

Super Micro Computer Trading Down 8.0 %

Shares of Super Micro Computer stock opened at $51.61 on Tuesday. The company’s fifty day simple moving average is $35.59 and its 200-day simple moving average is $39.69. 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 current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

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.