Nokomis Capital L.L.C. purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 772,001 shares of the technology company’s stock, valued at approximately $13,124,000. Super Micro Computer accounts for about 2.5% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co grew its position in Super Micro Computer by 74.7% in the fourth quarter. Paloma Partners Management Co now owns 16,112 shares of the technology company’s stock worth $337,000 after acquiring an additional 6,889 shares in the last quarter. BlackRock Inc. boosted its position in Super Micro Computer by 4.3% during the fourth quarter. BlackRock Inc. now owns 4,996,628 shares of the technology company’s stock valued at $104,553,000 after buying an additional 205,981 shares during the period. Needham Investment Management LLC boosted its position in Super Micro Computer by 1.1% during the fourth quarter. Needham Investment Management LLC now owns 658,450 shares of the technology company’s stock valued at $13,778,000 after buying an additional 7,400 shares during the period. Ramsey Quantitative Systems purchased a new stake in Super Micro Computer during the fourth quarter valued at about $255,000. Finally, Bank of Montreal Can boosted its position in Super Micro Computer by 611.1% during the fourth quarter. Bank of Montreal Can now owns 8,704 shares of the technology company’s stock valued at $183,000 after buying an additional 7,480 shares during the period. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Super Micro Computer from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. TheStreet raised shares of Super Micro Computer from a “c+” rating to a “b” rating in a research note on Friday, June 1st. Zacks Investment Research raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, May 9th. Finally, DA Davidson upped their price objective on shares of Super Micro Computer to $24.00 and gave the company a “neutral” rating in a research note on Monday, May 7th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Super Micro Computer opened at $26.75 on Thursday, MarketBeat Ratings reports. Super Micro Computer, Inc. has a 1 year low of $16.10 and a 1 year high of $27.90. The stock has a market capitalization of $1.29 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.31 and a beta of 0.28.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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