Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,196.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,685 shares of the company’s stock after acquiring an additional 8,938 shares during the period. Parcion Private Wealth LLC’s holdings in Super Micro Computer were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. raised its position in Super Micro Computer by 1,233.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,280,000 after acquiring an additional 38,850 shares during the last quarter. First Bank & Trust raised its position in Super Micro Computer by 475.1% during the fourth quarter. First Bank & Trust now owns 11,589 shares of the company’s stock worth $353,000 after acquiring an additional 9,574 shares during the last quarter. Handelsbanken Fonder AB raised its position in Super Micro Computer by 914.3% during the fourth quarter. Handelsbanken Fonder AB now owns 209,431 shares of the company’s stock worth $6,383,000 after acquiring an additional 188,784 shares during the last quarter. Private Advisor Group LLC raised its position in Super Micro Computer by 545.6% during the fourth quarter. Private Advisor Group LLC now owns 31,978 shares of the company’s stock worth $975,000 after acquiring an additional 27,025 shares during the last quarter. Finally, Good Life Advisors LLC raised its position in Super Micro Computer by 643.6% during the fourth quarter. Good Life Advisors LLC now owns 10,157 shares of the company’s stock worth $310,000 after acquiring an additional 8,791 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $60.25 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company has a 50 day moving average price of $34.41 and a 200 day moving average price of $39.72. The firm has a market capitalization of $35.28 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30.

Analysts Set New Price Targets

SMCI has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Wedbush boosted their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Northland Securities reissued an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Loop Capital boosted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.20.

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.