Super Micro Computer, Inc. (NASDAQ:SMCI) Position Raised by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 237.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,300 shares of the company’s stock after acquiring an additional 5,838 shares during the period. Flynn Zito Capital Management LLC’s holdings in Super Micro Computer were worth $253,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SMCI. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the period. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at approximately $34,000. Finally, Blue Trust Inc. raised its stake in Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after acquiring an additional 825 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Up 12.2 %

Shares of NASDAQ SMCI opened at $51.11 on Thursday. 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 $17.25 and a 12 month high of $122.90. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 25.66 and a beta of 1.30. The business has a fifty day simple moving average of $36.20 and a 200-day simple moving average of $39.65.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.73.

Super Micro Computer Company 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.