Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,371 shares of the company’s stock after buying an additional 2,317 shares during the period. Great Valley Advisor Group Inc.’s holdings in Super Micro Computer were worth $5,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SMCI. Farmers & Merchants Investments Inc. raised its holdings in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer in the second quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its stake in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in Super Micro Computer during the second quarter worth about $42,000. Finally, First PREMIER Bank boosted its stake in Super Micro Computer by 126.1% in the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $33.15 on Friday. The firm has a market capitalization of $18.54 billion, a PE ratio of 16.66 and a beta of 1.28. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The stock’s 50 day moving average price is $38.23 and its 200 day moving average price is $60.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMCI. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective for the company. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Loop Capital decreased their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group cut their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Company 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.