Barrett & Company Inc. Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Barrett & Company Inc. acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,485 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Super Micro Computer in the third quarter worth $87,000. Miller Wealth Advisors LLC purchased a new position in Super Micro Computer in the 3rd quarter worth $152,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after acquiring an additional 268 shares during the period. Prospect Financial Services LLC purchased a new stake in Super Micro Computer during the 3rd quarter valued at about $208,000. Finally, Wealth Effects LLC increased its holdings in shares of 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 period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Loop Capital lifted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Performance

SMCI opened at $33.84 on Friday. The firm’s fifty day simple moving average is $33.47 and its two-hundred day simple moving average is $41.50. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 16.99 and a beta of 1.30. 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 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.