Bank of Montreal Can Grows Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Bank of Montreal Can increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 7.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,374 shares of the company’s stock after acquiring an additional 5,275 shares during the period. Bank of Montreal Can’s holdings in Super Micro Computer were worth $32,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMCI. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 63,634.1% in the third 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Super Micro Computer by 0.6% in the second 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 last quarter. Assetmark Inc. lifted its stake in Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Van ECK Associates Corp lifted its stake in Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after purchasing an additional 124,062 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $35.07 on Friday. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 17.62 and a beta of 1.28. The company’s 50 day moving average is $37.70 and its 200 day moving average is $59.71. 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 52-week low of $17.25 and a 52-week high of $122.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SMCI. Cfra reissued a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Needham & Company LLC initiated 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 target for the company. Barclays decreased their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Three investment 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.89.

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.