Y Intercept Hong Kong Ltd Acquires New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Y Intercept Hong Kong Ltd acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,241 shares of the company’s stock, valued at approximately $1,989,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in Super Micro Computer in the fourth quarter worth about $34,000. Finally, Blue Trust Inc. raised its holdings in Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Northland Securities reiterated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $45.54 on Wednesday. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The firm’s 50 day simple moving average is $35.82 and its 200-day simple moving average is $39.65. 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.