State of New Jersey Common Pension Fund D Boosts Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

State of New Jersey Common Pension Fund D boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 194,950 shares of the company’s stock after purchasing an additional 175,455 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Super Micro Computer were worth $5,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer during the third quarter worth about $87,000. Wealth Effects LLC increased its stake in Super Micro Computer by 90.7% during the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after acquiring an additional 245 shares during the last quarter. Retirement Systems of Alabama increased its stake in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after acquiring an additional 258 shares during the last quarter. TrueWealth Advisors LLC increased its stake in Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after acquiring an additional 295 shares during the last quarter. Finally, Miller Wealth Advisors LLC acquired a new stake in Super Micro Computer during the third quarter worth about $152,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Loop Capital upped their price objective on Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Wedbush increased their price target on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $55.80 on Wednesday. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. The business has a 50-day moving average of $33.97 and a 200-day moving average of $39.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

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.