Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Sumitomo Mitsui Trust Group Inc. increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,652 shares of the company’s stock after buying an additional 13,936 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Super Micro Computer were worth $51,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. GQG Partners LLC bought a new position in Super Micro Computer in the 1st quarter worth $1,325,466,000. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Dimensional Fund Advisors LP raised its holdings in Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Cfra reaffirmed a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Wedbush reiterated 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. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price target for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

Shares of SMCI opened at $18.58 on Friday. The business’s 50-day moving average is $39.66 and its two-hundred day moving average is $62.80. The company has a market capitalization of $10.39 billion, a P/E ratio of 9.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

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.