Stiles Financial Services Inc Has $346,000 Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Stiles Financial Services Inc increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 955.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,350 shares of the company’s stock after acquiring an additional 10,275 shares during the period. Stiles Financial Services Inc’s holdings in Super Micro Computer were worth $346,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SMCI. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after purchasing an additional 1,192,366 shares during the last quarter. International Assets Investment Management LLC raised its position in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after buying an additional 915,058 shares during the last quarter. Nepsis Inc. bought a new position in Super Micro Computer during the 4th quarter valued at $13,625,000. Annex Advisory Services LLC purchased a new position in Super Micro Computer during the 4th quarter worth $6,708,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Super Micro Computer in the 4th quarter worth $5,113,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $36.28 on Monday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The stock has a market capitalization of $21.24 billion, a P/E ratio of 18.21 and a beta of 1.30. 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 50 day moving average is $33.55 and its 200 day moving average is $40.94.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SMCI shares. Wedbush reissued a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital upped their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.89.

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.