Mizuho Securities USA LLC Acquires 21,638 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Mizuho Securities USA LLC raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 542.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,628 shares of the company’s stock after buying an additional 21,638 shares during the period. Mizuho Securities USA LLC’s holdings in Super Micro Computer were worth $10,671,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. increased its stake in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC bought a new stake in Super Micro Computer during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. boosted its position in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC bought a new stake in Super Micro Computer in the 2nd quarter worth $42,000. Finally, First PREMIER Bank grew its holdings in Super Micro Computer by 126.1% in the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays decreased their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Wells Fargo & Company reduced 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 research report on Wednesday, August 28th. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Up 3.2 %

Shares of Super Micro Computer stock opened at $18.58 on Friday. The company has a 50-day simple moving average of $39.66 and a two-hundred day simple moving average of $62.62. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $10.39 billion, a PE ratio of 9.33 and a beta of 1.28.

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.