Mezzasalma Advisors LLC Buys Shares of 35,147 Super Micro Computer, Inc. (NASDAQ:SMCI)

Mezzasalma Advisors LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,147 shares of the company’s stock, valued at approximately $1,071,000.

Several other hedge funds also recently modified their holdings of SMCI. Emerald Mutual Fund Advisers Trust acquired a new position in Super Micro Computer during the third quarter worth $87,000. Wealth Effects LLC boosted its stake in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after acquiring an additional 245 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after acquiring an additional 258 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Super Micro Computer by 252.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after purchasing an additional 268 shares during the last quarter. Finally, CWM LLC boosted its position in Super Micro Computer by 11.7% during the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Loop Capital raised their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $36.28 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 18.21 and a beta of 1.30. The company has a 50-day moving average of $33.55 and a 200-day moving average of $41.46.

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.