Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 646.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,222 shares of the company’s stock after acquiring an additional 6,254 shares during the period. J.W. Cole Advisors Inc.’s holdings in Super Micro Computer were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont lifted its stake 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 purchasing an additional 900 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. lifted its stake in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several recent research reports. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $56.07 on Friday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a 50 day moving average price of $35.23 and a 200 day moving average price of $39.97. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.