Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Kings Path Partners LLC

Kings Path Partners LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 976.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,000 shares of the company’s stock after purchasing an additional 12,700 shares during the period. Kings Path Partners LLC’s holdings in Super Micro Computer were worth $427,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer in the second quarter worth about $25,000. Farmers & Merchants Investments Inc. raised its stake in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares during the period. Finally, Clear Point Advisors Inc. grew its holdings in shares of Super Micro Computer by 471.4% during the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Needham & Company LLC began coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Up 10.7 %

Shares of NASDAQ:SMCI traded up $3.57 during midday trading on Monday, reaching $36.90. The company had a trading volume of 42,877,751 shares, compared to its average volume of 33,403,773. The company has a fifty day simple moving average of $32.35 and a two-hundred day simple moving average of $50.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 18.52 and a beta of 1.31. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90.

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.