Prairiewood Capital LLC Takes $457,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Prairiewood Capital LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 15,000 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kathmere Capital Management LLC increased its stake in Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after buying an additional 18 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after purchasing an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC raised its stake in Super Micro Computer by 3.9% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after purchasing an additional 30 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares in the last quarter. Finally, Harmony Asset Management LLC boosted its stake in Super Micro Computer by 0.6% during the 2nd quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock worth $5,069,000 after purchasing an additional 39 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $30.82 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The company’s 50 day simple moving average is $32.59 and its 200-day simple moving average is $46.69. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMCI. 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 research note on Monday, September 23rd. 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. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company 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.