New York State Common Retirement Fund Acquires 241,011 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

New York State Common Retirement Fund increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 823.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 270,290 shares of the company’s stock after purchasing an additional 241,011 shares during the quarter. New York State Common Retirement Fund’s holdings in Super Micro Computer were worth $8,238,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Super Micro Computer by 183.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,233 shares of the company’s stock worth $5,554,000 after purchasing an additional 8,572 shares in the last quarter. Arkadios Wealth Advisors bought a new position in Super Micro Computer in the third quarter worth approximately $289,000. Wealth Enhancement Advisory Services LLC grew its stake in Super Micro Computer by 45.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock valued at $1,456,000 after acquiring an additional 1,097 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Super Micro Computer by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock valued at $2,445,000 after acquiring an additional 395 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Super Micro Computer by 82.0% during the third quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock worth $403,000 after purchasing an additional 436 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Argus lowered shares of 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 company an “underweight” rating in a research note on Wednesday, February 12th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $60.73.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $45.54 on Wednesday. The company has a market capitalization of $26.67 billion, a P/E ratio of 22.86 and a beta of 1.30. The business has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $39.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

Super Micro Computer Company Profile

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.