Nepsis Inc. Invests $13.63 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nepsis Inc. bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 447,030 shares of the company’s stock, valued at approximately $13,625,000. Super Micro Computer accounts for 2.0% of Nepsis Inc.’s holdings, making the stock its 16th biggest position.

A number of other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after acquiring an additional 93,569 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares during the last quarter. Bridgewater Associates LP boosted its position in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. Finally, Oak Thistle LLC bought a new position in Super Micro Computer in the 4th quarter valued at about $277,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $33.27 on Friday. The stock has a market cap of $18.61 billion, a PE ratio of 16.70 and a beta of 1.31. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. 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 business has a fifty day simple moving average of $33.83 and a 200-day simple moving average of $45.41.

Wall Street Analyst Weigh In

Several brokerages recently commented on SMCI. Loop Capital boosted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $62.89.

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.