IFP Advisors Inc Acquires 23,797 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

IFP Advisors Inc raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 646.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,476 shares of the company’s stock after acquiring an additional 23,797 shares during the quarter. IFP Advisors Inc’s holdings in Super Micro Computer were worth $838,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer during the 3rd quarter valued at approximately $87,000. Retirement Systems of Alabama boosted its stake in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after purchasing an additional 258 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in shares of Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after purchasing an additional 295 shares during the last quarter. Miller Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer during the third quarter worth $152,000. Finally, State of Alaska Department of Revenue raised its stake in Super Micro Computer by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after buying an additional 395 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Finally, Barclays began coverage on shares of Super Micro Computer in a research note on Thursday. They issued an “equal weight” rating and a $59.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.87.

Super Micro Computer Stock Down 16.0 %

Shares of NASDAQ SMCI opened at $42.95 on Friday. 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 50-day moving average price of $36.44 and a 200-day moving average price of $39.67. The stock has a market capitalization of $25.15 billion, a P/E ratio of 21.56 and a beta of 1.30. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

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.