Chicago Partners Investment Group LLC Grows Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Chicago Partners Investment Group LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,990.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,256 shares of the company’s stock after buying an additional 7,861 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Super Micro Computer were worth $3,438,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SMCI. Acadian Asset Management LLC acquired a new stake in shares of Super Micro Computer in the first quarter valued at $98,000. Vanguard Group Inc. raised its stake in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Super Micro Computer during the 1st quarter valued at approximately $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Super Micro Computer by 168.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after acquiring an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Super Micro Computer by 1,516.8% in the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after buying an additional 51,906 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SMCI. Susquehanna raised their price target on Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a report on Monday, July 15th. Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC began coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Barclays dropped their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.33.

Super Micro Computer Price Performance

SMCI stock opened at $26.03 on Tuesday. Super Micro Computer, Inc. has a 52-week low of $23.90 and a 52-week high of $122.90. The stock’s fifty day simple moving average is $43.93 and its 200-day simple moving average is $66.15. 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 has a market capitalization of $14.56 billion, a price-to-earnings ratio of 13.08 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business earned $0.34 EPS. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. Equities research analysts expect that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

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.