1,825 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,825 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors have also modified their holdings of SMCI. Parallel Advisors LLC grew its stake in shares of Super Micro Computer by 59.4% during the second quarter. Parallel Advisors LLC now owns 373 shares of the company’s stock worth $306,000 after purchasing an additional 139 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Super Micro Computer by 101.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,782 shares of the company’s stock worth $17,028,000 after acquiring an additional 10,469 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Super Micro Computer by 417.4% during the second quarter. Edgestream Partners L.P. now owns 2,173 shares of the company’s stock worth $1,780,000 after purchasing an additional 1,753 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in Super Micro Computer by 43.3% in the second quarter. E Fund Management Co. Ltd. now owns 582 shares of the company’s stock valued at $477,000 after purchasing an additional 176 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Super Micro Computer by 68.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,394 shares of the company’s stock valued at $4,478,000 after purchasing an additional 2,188 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Up 0.4 %

Shares of NASDAQ SMCI opened at $31.12 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $32.35 and a 200 day moving average price of $47.41. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 15.62 and a beta of 1.31.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMCI shares. Barclays reduced 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 report on Wednesday, October 2nd. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. downgraded 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 note on Wednesday, November 6th. Finally, Loop Capital dropped their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.89.

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.