Allworth Financial LP Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Allworth Financial LP acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,951 shares of the company’s stock, valued at approximately $1,116,000.

Other large investors also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at about $87,000. Miller Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at about $152,000. Archer Investment Corp raised its holdings in shares of Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after buying an additional 448 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in shares of Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after buying an additional 295 shares in the last quarter. Finally, Bell Bank purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at about $259,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 8.0 %

NASDAQ SMCI opened at $60.25 on Thursday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market capitalization of $35.28 billion, a PE ratio of 30.25 and a beta of 1.30. The stock’s 50 day moving average is $34.41 and its 200 day moving average is $39.72.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SMCI shares. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Wedbush lifted their price target on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price 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.