5,103 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,103 shares of the company’s stock, valued at approximately $2,125,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after buying an additional 2,011 shares in the last quarter. Assetmark Inc. raised its stake in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Van ECK Associates Corp boosted its position 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 worth $56,077,000 after acquiring an additional 124,062 shares during the period. Finally, American Century Companies Inc. grew its position in Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMCI has been the subject of several research analyst reports. Wedbush restated 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. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Loop Capital reduced their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Mizuho assumed coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $38.41 on Tuesday. The company has a market capitalization of $21.48 billion, a P/E ratio of 19.28 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company’s 50 day moving average price is $38.08 and its two-hundred day moving average price is $60.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.