Venturi Wealth Management LLC Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Venturi Wealth Management LLC increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 9,996.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,130 shares of the company’s stock after purchasing an additional 3,099 shares during the quarter. Venturi Wealth Management LLC’s holdings in Super Micro Computer were worth $95,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the last quarter. Geode Capital Management LLC grew its stake in Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Super Micro Computer by 897.0% in the 4th quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock worth $30,002,000 after purchasing an additional 885,582 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group reduced their price target on shares of 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, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $56.07 on Monday. 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 stock’s fifty day moving average is $35.23 and its two-hundred day moving average is $39.67. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30.

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.