Jacobs Levy Equity Management Inc. Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Jacobs Levy Equity Management Inc. purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, HoldingsChannel reports. The fund purchased 2,175 shares of the company’s stock, valued at approximately $906,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. raised its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter worth approximately $42,000. Finally, First PREMIER Bank increased its holdings in shares of Super Micro Computer by 126.1% in the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SMCI has been the topic of a number of recent research reports. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Mizuho started coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Barclays decreased their target price 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. Finally, Needham & Company LLC began coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Price Performance

Shares of SMCI opened at $43.93 on Monday. The business’s 50-day moving average is $36.99 and its 200-day moving average is $57.56. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. 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 Company 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.