Focus Financial Network Inc. boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 4,042.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 264,688 shares of the company’s stock after buying an additional 258,298 shares during the period. Focus Financial Network Inc.’s holdings in Super Micro Computer were worth $12,689,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clear Street LLC acquired a new stake in shares of Super Micro Computer in the second quarter worth $158,724,000. Norges Bank purchased a new stake in Super Micro Computer during the 2nd quarter worth $150,395,000. Marshall Wace LLP increased its holdings in Super Micro Computer by 596.4% in the 2nd quarter. Marshall Wace LLP now owns 3,437,714 shares of the company’s stock valued at $168,482,000 after purchasing an additional 2,944,049 shares in the last quarter. Invesco Ltd. raised its position in Super Micro Computer by 31.6% in the second quarter. Invesco Ltd. now owns 8,639,784 shares of the company’s stock valued at $423,436,000 after purchasing an additional 2,073,978 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 2.7% during the second quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock worth $3,242,156,000 after purchasing an additional 1,745,179 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Trading Up 5.9%
Super Micro Computer stock opened at $31.11 on Friday. Super Micro Computer, Inc. has a 1 year low of $25.71 and a 1 year high of $66.44. The firm’s 50-day moving average is $40.40 and its 200-day moving average is $45.02. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.95 and a current ratio of 5.39. The company has a market cap of $18.57 billion, a P/E ratio of 24.89, a PEG ratio of 0.60 and a beta of 1.52.
Analysts Set New Price Targets
Several brokerages recently commented on SMCI. Wedbush dropped their target price on Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Zacks Research upgraded shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Argus set a $64.00 target price on shares of Super Micro Computer in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Super Micro Computer and gave the company a “sell” rating in a report on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.38.
Get Our Latest Analysis on SMCI
About Super Micro Computer
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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