Main Management ETF Advisors LLC Buys New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Main Management ETF Advisors LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,552 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SMCI. International Assets Investment Management LLC boosted its holdings in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares during the period. Bridgewater Associates LP boosted its holdings in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares during the period. Van ECK Associates Corp boosted its holdings in Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after acquiring an additional 124,062 shares during the period. American Century Companies Inc. boosted its holdings in Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after acquiring an additional 110,308 shares during the period. Finally, Inspire Investing LLC boosted its holdings in Super Micro Computer by 1,730.3% during the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after acquiring an additional 101,552 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Up 6.8 %

SMCI opened at $43.93 on Friday. The business’s 50 day moving average is $36.99 and its two-hundred day moving average is $57.79. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. Wells Fargo & Company decreased their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Mizuho initiated coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Barclays decreased their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Finally, Cfra reiterated a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer 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.