FWG Holdings LLC Buys Shares of 4,300 Super Micro Computer, Inc. (NASDAQ:SMCI)

FWG Holdings LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,300 shares of the company’s stock, valued at approximately $1,791,000. Super Micro Computer comprises 0.9% of FWG Holdings LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Super Micro Computer by 511.9% during the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after acquiring an additional 110,308 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Super Micro Computer by 1,730.3% during the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after acquiring an additional 101,552 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Super Micro Computer by 164.8% during the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after acquiring an additional 93,569 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Cfra reaffirmed a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $21.54 on Tuesday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The stock has a market cap of $12.05 billion, a PE ratio of 10.81 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $39.32 and its 200-day moving average price is $62.09.

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.