Stratos Wealth Partners LTD. Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Stratos Wealth Partners LTD. acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,649 shares of the company’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $31,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $42,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $43,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

Shares of SMCI opened at $39.68 on Thursday. 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 company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30. The company’s 50 day simple moving average is $33.48 and its 200 day simple moving average is $40.30. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

Analysts Set New Price Targets

Several analysts have recently weighed in on SMCI shares. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday. Loop Capital raised their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush raised their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.20.

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.