8,460 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by STF Management LP

STF Management LP purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, HoldingsChannel.com reports. The fund purchased 8,460 shares of the company’s stock, valued at approximately $3,523,000. Super Micro Computer makes up about 1.6% of STF Management LP’s investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of SMCI. 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 buying an additional 915,058 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after buying an additional 124,062 shares during the period. American Century Companies Inc. boosted its holdings in shares of Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares during the period. Inspire Investing LLC boosted its holdings in shares of Super Micro Computer by 1,730.3% in the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after buying an additional 101,552 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $29.37 on Friday. 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 firm’s fifty day moving average price is $38.45 and its two-hundred day moving average price is $61.16. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a market capitalization of $16.42 billion, a P/E ratio of 14.74 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SMCI. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. Cfra restated a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.89.

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.