Hussman Strategic Advisors Inc. Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Hussman Strategic Advisors Inc. raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,233.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,000 shares of the company’s stock after acquiring an additional 38,850 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Super Micro Computer were worth $1,280,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SMCI. Rakuten Securities Inc. raised its holdings in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after buying an additional 61,071 shares during the period. Assetmark Inc. boosted its stake in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares during the period. Clear Creek Financial Management LLC purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $635,000. Nepsis Inc. purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $13,625,000. Finally, Sanctuary Advisors LLC increased its position in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after acquiring an additional 21,997 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 8.0 %

SMCI stock opened at $60.25 on Thursday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market cap of $35.28 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30. The company has a fifty day moving average price of $34.41 and a 200 day moving average price of $39.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SMCI shares. Loop Capital increased their price target on Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Wedbush boosted their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group lowered their target price on shares of 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. Finally, Northland Securities restated an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average target price of $60.20.

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.