KG&L Capital Management LLC Buys 22,741 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

KG&L Capital Management LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 758.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,741 shares of the company’s stock after buying an additional 22,741 shares during the quarter. KG&L Capital Management LLC’s holdings in Super Micro Computer were worth $785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares in the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after buying an additional 31,064 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Super Micro Computer by 63,634.1% in the 3rd 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 in the last quarter. Finally, Nepsis Inc. bought a new stake in Super Micro Computer during the fourth quarter valued at about $13,625,000. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group reduced their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $28.52 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $15.95 billion, a P/E ratio of 14.32 and a beta of 1.31. The business’s 50 day moving average price is $33.91 and its 200 day moving average price is $43.28.

About Super Micro Computer

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.