Financial Advocates Investment Management Acquires 515 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Financial Advocates Investment Management grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 75.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,199 shares of the company’s stock after purchasing an additional 515 shares during the quarter. Financial Advocates Investment Management’s holdings in Super Micro Computer were worth $499,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. boosted its stake in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in Super Micro Computer during the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. grew its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. VitalStone Financial LLC raised its position in shares of Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the period. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer in the second quarter worth $42,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SMCI shares. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. Wedbush reissued a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday. Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a report on Wednesday, July 10th. The Goldman Sachs Group cut their price target on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Barclays dropped their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $71.33.

Super Micro Computer Trading Down 0.1 %

Shares of NASDAQ:SMCI opened at $26.03 on Tuesday. The stock has a market cap of $14.56 billion, a PE ratio of 13.08 and a beta of 1.28. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12-month low of $23.90 and a 12-month high of $122.90. The business has a 50 day moving average of $43.93 and a 200-day moving average of $66.15.

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 analysts’ consensus estimates of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 142.9% on a year-over-year basis. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 2.85 earnings per share 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.