Needham Investment Management LLC Buys 6,050 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Needham Investment Management LLC boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,750 shares of the company’s stock after buying an additional 6,050 shares during the period. Super Micro Computer accounts for approximately 4.2% of Needham Investment Management LLC’s investment portfolio, making the stock its 3rd largest holding. Needham Investment Management LLC’s holdings in Super Micro Computer were worth $54,444,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SMCI. Rakuten Securities Inc. increased its holdings in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after purchasing an additional 61,071 shares during the period. Assetmark Inc. increased its holdings 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 valued at $62,599,000 after purchasing an additional 93,569 shares during the period. Bridgewater Associates LP increased its holdings in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after purchasing an additional 145,327 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Super Micro Computer by 128.2% during the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after purchasing an additional 23,959 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Super Micro Computer by 440.6% during the third quarter. Thrivent Financial for Lutherans now owns 19,760 shares of the company’s stock valued at $8,228,000 after purchasing an additional 16,105 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SMCI shares. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Cfra reaffirmed a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Mizuho initiated coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Up 4.9 %

Super Micro Computer stock traded up $2.04 during mid-day trading on Tuesday, hitting $44.04. The company’s stock had a trading volume of 77,584,297 shares, compared to its average volume of 83,372,344. The firm’s 50 day moving average is $37.30 and its 200 day moving average is $59.06. The company has a market cap of $24.63 billion, a PE ratio of 21.08 and a beta of 1.29. 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 52-week low of $17.25 and a 52-week 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.