Lbmc Investment Advisors LLC Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lbmc Investment Advisors LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,300 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont increased its stake in Super Micro Computer by 900.0% during the 4th 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. Kieckhefer Group LLC acquired a new position in Super Micro Computer in the 4th quarter worth $43,000. Clean Yield Group acquired a new position in Super Micro Computer in the 4th quarter worth $46,000. Finally, Resources Management Corp CT ADV boosted its position in Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after buying an additional 30 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $30.82 on Friday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. 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 firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The business has a 50 day simple moving average of $32.59 and a 200 day simple moving average of $46.94.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SMCI shares. Loop Capital dropped their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Barclays reduced their target price 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. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $66.89.

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.