Clean Yield Group Buys Shares of 1,500 Super Micro Computer, Inc. (NASDAQ:SMCI)

Clean Yield Group bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,500 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors have also added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer during the 4th quarter valued at about $30,000. Kieckhefer Group LLC purchased a new stake in Super Micro Computer in the fourth quarter worth approximately $43,000. Resources Management Corp CT ADV grew its position in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. Rise Advisors LLC raised its stake in shares of Super Micro Computer by 909.5% during the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock worth $52,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Clear Point Advisors Inc. lifted its holdings in shares of Super Micro Computer by 471.4% in the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock worth $66,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 4.8 %

SMCI stock traded down $1.57 on Monday, reaching $31.03. 28,969,915 shares of the company traded hands, compared to its average volume of 33,248,367. The firm has a fifty day simple moving average of $32.02 and a 200-day simple moving average of $48.55. The company has a market cap of $17.36 billion, a P/E ratio of 15.58 and a beta of 1.31. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SMCI. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Needham & Company LLC began coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Barclays dropped their price objective on 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. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has a consensus 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.