IndexIQ Advisors LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 83.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,191 shares of the technology company’s stock after acquiring an additional 15,506 shares during the quarter. IndexIQ Advisors LLC owned 0.07% of Super Micro Computer worth $756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMCI. Victory Capital Management Inc. boosted its position in shares of Super Micro Computer by 86.1% in the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after buying an additional 3,152 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Super Micro Computer by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock worth $184,000 after buying an additional 3,311 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Super Micro Computer in the second quarter worth $202,000. Aperio Group LLC boosted its position in shares of Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after buying an additional 68 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Super Micro Computer by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock worth $219,000 after buying an additional 360 shares during the period. 76.95% of the stock is owned by institutional investors and hedge funds.

SMCI has been the subject of several recent analyst reports. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, September 21st. Maxim Group reiterated a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a report on Friday, July 21st. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. TheStreet lowered Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $29.29.

Super Micro Computer, Inc. (NASDAQ:SMCI) opened at $19.95 on Tuesday. Super Micro Computer, Inc. has a 1-year low of $17.70 and a 1-year high of $31.75. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $973.86, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.14 and a beta of -0.12.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the director now directly owns 245,000 shares in the company, valued at $6,639,500. The transaction was disclosed in a filing with the SEC, which is available through this link. 24.00% of the stock is owned by company insiders.

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About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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