Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) by 833.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,900 shares of the company’s stock after acquiring an additional 3,482 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Super Micro Computer were worth $119,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer in the third quarter valued at $87,000. Miller Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer during the 3rd quarter worth about $152,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Super Micro Computer by 252.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after purchasing an additional 268 shares during the last quarter. Prospect Financial Services LLC acquired a new position in Super Micro Computer in the third quarter valued at approximately $208,000. Finally, Wealth Effects LLC increased its stake in Super Micro Computer by 90.7% in the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 5.9 %

SMCI opened at $26.85 on Tuesday. The stock has a market capitalization of $15.72 billion, a P/E ratio of 13.48 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The business has a 50 day simple moving average of $33.68 and a 200-day simple moving average of $42.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Loop Capital lifted their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. 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 research report on Monday, November 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $62.89.

Read Our Latest Stock Analysis on SMCI

Super Micro Computer Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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