Aberdeen Group plc increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 141.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 470,956 shares of the company’s stock after purchasing an additional 276,059 shares during the quarter. Aberdeen Group plc’s holdings in Super Micro Computer were worth $22,578,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in SMCI. Murphy & Mullick Capital Management Corp raised its holdings in shares of Super Micro Computer by 42.1% during the third quarter. Murphy & Mullick Capital Management Corp now owns 1,165 shares of the company’s stock worth $57,000 after purchasing an additional 345 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $504,000. Abich Financial Wealth Management LLC acquired a new stake in Super Micro Computer during the third quarter worth about $102,000. Public Sector Pension Investment Board lifted its holdings in Super Micro Computer by 5.2% in the third quarter. Public Sector Pension Investment Board now owns 52,191 shares of the company’s stock worth $2,502,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Super Micro Computer by 1.5% in the third quarter. Rhumbline Advisers now owns 1,049,081 shares of the company’s stock valued at $50,293,000 after acquiring an additional 15,829 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.
Super Micro Computer Price Performance
Shares of NASDAQ SMCI opened at $30.11 on Wednesday. The stock has a market cap of $18.04 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.59 and a beta of 1.53. The firm’s 50-day simple moving average is $30.97 and its 200 day simple moving average is $39.73. Super Micro Computer, Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $66.44. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on SMCI shares. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Citigroup dropped their target price on Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Sunday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Super Micro Computer in a report on Monday, February 2nd. Finally, KGI Securities upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.43.
View Our Latest Research Report on SMCI
About Super Micro Computer
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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