Mizuho Markets Cayman LP Purchases New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Mizuho Markets Cayman LP acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 3rd quarter, Holdings Channel reports. The firm acquired 720 shares of the company’s stock, valued at approximately $300,000. Super Micro Computer accounts for approximately 1.3% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GQG Partners LLC purchased a new stake in Super Micro Computer in the first quarter worth $1,325,466,000. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares during the period. Van ECK Associates Corp increased its stake in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after acquiring an additional 110,308 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 3.2 %

Shares of SMCI stock opened at $18.58 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The stock has a market capitalization of $10.39 billion, a P/E ratio of 9.34 and a beta of 1.28. The firm’s 50 day moving average is $39.66 and its 200 day moving average is $62.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $66.89.

About Super Micro Computer

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.