Independent Advisor Alliance Buys 2,943 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Independent Advisor Alliance boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 21.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,766 shares of the company’s stock after purchasing an additional 2,943 shares during the quarter. Independent Advisor Alliance’s holdings in Super Micro Computer were worth $6,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invst LLC raised its holdings in Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after acquiring an additional 14 shares during the last quarter. Byrne Asset Management LLC increased its holdings in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after buying an additional 14 shares in the last quarter. Versant Capital Management Inc raised its position in Super Micro Computer by 30.0% in the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after buying an additional 15 shares during the last quarter. Fielder Capital Group LLC lifted its stake in Super Micro Computer by 2.8% during the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after acquiring an additional 16 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in shares of Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after acquiring an additional 18 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Up 11.6 %

Shares of Super Micro Computer stock opened at $33.15 on Monday. 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 market cap of $18.54 billion, a price-to-earnings ratio of 16.64 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The business has a 50-day moving average price of $38.23 and a 200-day moving average price of $60.66.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Cfra restated a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Loop Capital cut their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wedbush reissued a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Barclays cut their price target 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.