Livforsakringsbolaget Skandia Omsesidigt Acquires 3,366 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,740 shares of the company’s stock after purchasing an additional 3,366 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Super Micro Computer were worth $114,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SMCI. Czech National Bank increased its holdings in Super Micro Computer by 6.9% in the 3rd quarter. Czech National Bank now owns 10,264 shares of the company’s stock worth $4,274,000 after buying an additional 662 shares in the last quarter. CWM LLC grew its stake in shares of Super Micro Computer by 11.7% in the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after acquiring an additional 290 shares during the period. LifePro Asset Management purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $1,711,000. Octavia Wealth Advisors LLC lifted its position in Super Micro Computer by 176.6% during the third quarter. Octavia Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $295,000 after purchasing an additional 452 shares during the period. Finally, Gateway Investment Advisers LLC purchased a new stake in Super Micro Computer in the third quarter worth approximately $2,783,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $36.28 on Friday. The business has a 50-day moving average price of $33.55 and a 200-day moving average price of $41.46. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 18.21 and a beta of 1.30. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush restated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, Loop Capital upped their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer 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.